Getting the right Investor loan

[Brandon Lewis]

Hey BP community I’m a new investor looking to buy my first investment property and rent it out to tenants. I have been looking into what type of loan would be best to finance a investment property but also benefits the investor. If you could give me any tips or guidance on this topic I would really appreciate it. Thanks!

[Kristina Heimstaedt]

@Brandon Lewis You'll likely get a different response from everyone you ask. It also sounds like you ought to sit down and talk to a lender. If you already have a property in mind, you ought to know what it generates and get a loan with an interest rate that is low enough such that your property will properly cash flow. I'd sit down with a lender, ask how much they could lend based on you as a borrower and what the monthly payment would be and look at the potential rental income in your prospective purchases.