First action step - Contacting a lender (small bank)

[Chelsea Smith]

Hi BP fam! So I recently listened in to Brandon's webinar yesterday afternoon and toke some notes, followed by questions I may have later. One of the things I toke from the webinar was his action step for anyone first starting out. He wanted everyone within 24hrs to go and contact a local lender to find out your ability to borrow from a bank. I want to take this action step however I am unsure of the following: 

-What kind of bank I'm necessarily looking for (I live in Canada so I'm not sure what banks to consider big vs 'small' and if going to just any bank or the bank I currently bank with is even an option.

- Afterwards I would be unsure of what questions to ask/ what to go in looking to leave with, what should my questions be? What should my end result be/goal to leave with?  Should I go in looking to ask about if I'm able to finance towards my first real estate investment or should I just simply have them think I myself am looking to buy my first home and just find out if I would get approved? Is their any specific questions I should be looking to ask, that I could write down and prepare before going in to ensure I leave with the right answers? 

Any help is Greatly appreciated! Huge thanks in advance!! xo

[Luc Boiron]

@Chelsea Smith I would recommend you speak to some local investors and try to find a competent mortgage broker, and speak to them. A mortgage broker can best help you understand your options in Canada.

As for local banks, look up local credit unions. Our banking industry is quite different than the US, but you may be able to find some good options with credit unions. However, if you are just trying to figure out what you can borrow, a mortgage broker who works with investors would likely be your best bet.