Re: When using a HML

When using a HML, do you put your property under contract first, or
do you apply for the hard money loan before you put property under contract???

Financing is the life’s blood of real estate. You should always talk to your money source (mortgage broker) before any other activity. Remember Donald Trump didn’t save up a billion dollars to buy the empire state building (actually he owned the land under the Empire State Building), he borrowed a billion dollars. If you can get the deal financed the deal can be done, if you can’t get it financed it is all talk.

Run the numbers first. Plan.