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Updated over 11 years ago,
First time investor with some questions
Brand new member and hopeful first time real estate investor here. I'm very happy to have found this forum!
Because I only have around $15,000 liquid to invest, I'm looking to purchase a single family condo/townhouse as my first rental property. I'm hoping to put $15,000 down and leverage an additional $50,000-60,000 through a mortgage. I have a few basic questions about which steps to take first.
After forming an LLC, should I go and get pre-qualified for a mortgage first? Or should I begin looking for a property first and then get pre-qualified?
Speaking of getting pre-qualified, is it better to contact banks directly, or to go through a mortgage broker?
Should I work with a buyer's agent, or should I check listings on websites and then contact the individual agents when I see properties I think would be suitable? Is there a benefit to using a buyer's agent and doing everything through him or her?
Thanks very much for the help!