When looking for a hard money lender, is it best to reach out and form that initial connection first and present business model and maybe they will agree to work with you in the future? Or is all of that a slight waste of time if you don’t have a purchase agreement signed?
@tpappas90 I don’t suppose it would hurt anything, but if you have a good deal on your hands, I would think any hard money lender would be willing to get to know you pretty quickly and do the deal, regardless of whether you had already spent the time to develop these connections before you needed them.
If anything, having a pre-existing relationship might speed the process along, but if you’ve got a good deal that you need financing for, I wouldn’t think it’s a requirement to work with one.