How to get a 30yr loan for an investment property

[Jake Minyen]

Hello, I am just getting started with my real estate investing business. I have a couple of pre-approvals from lenders in my area (Oklahoma City, OK) but the max term they will give me is 25 years, some only offering 15 years at a 9.25% interest rate. In a recent webinar, David showed an example of a rental analysis and put the loan term for 30 years and said that's what we should be trying to get. Does anybody have a reference for a lender in my area that will do this? I am having a lot of trouble finding cash flowing properties in this market with these high rates. Eventually, I will be seeking properties that need rehab and I know there's much more room for growth and opportunity in doing that but unfortunately at this time I am unable to do that. I would prefer for my first rental property to be turn key or as close to it as possible. Thanks in advance for any guidance.