Some real estate investors would suggest that this step is unnecessary. I disagree.
a. Having financing in place means you have more options once you start placing offers.
b. It shows that you were a serious buyer.
c. It gives you much more confidence during the acquisition phase.
1. Talk to local private investors.
2. Consider hard money lenders.
3. Talk to your local community banks. Avoid large national banks.
4. If you have family members with available funds, talk to them about what you’d like to do and see if they are interested in partnering.