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Updated about 8 years ago on . Most recent reply

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Alex Velasco
  • Fort Collins, CO
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Do I focus on financing or marketing first?

Alex Velasco
  • Fort Collins, CO
Posted

Brand new aspiring real estate investor here, hoping for some professional insight on a beginner question. After reading books and listening to podcasts, I keep running into the same dilemma. Do I get my financing in order before starting a mailer marketing campaign or do I send out mailings first and figure out financing after the marketing (hopefully) generates leads? More nuanced, how detailed of a plan for financing do I need before I start actively hunting for deals? 

Thanks in advance!

Most Popular Reply

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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
2,461
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

@Alex Velasco

I'd always figure out the financing first. Once that is squared away, you can confidently go after deals rather than getting something lined up and then having to wait on financing and run the risk of losing out on something good due to bad timing. Unless you're going after a large loan amount or something creative, you should be able to get a loan through a bank/credit union if your income and credit can support it.

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