Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

32
Posts
17
Votes
Javen Wilson
  • Lebanon, IN
17
Votes |
32
Posts

Getting Started Questions

Javen Wilson
  • Lebanon, IN
Posted

So I haven't started my journey to real estate investing quite yet, I am still saving money and waiting for the right time to make my first SFH purchase. Reasons I haven't yet are things I can't control. But as I grow closer to being able to start looking at deals and make my first purchase, there are some questions I have that may seem like basic knowledge to most but I have no idea the answer to or I can't quite figure it out 100%. Keep in mind, I'm 19 years old and I have just started recently getting very invested in my future and where I want to be long term.

1.) Can you go to any bank, even if you don't have an account with them, and ask for a loan or get approved for a loan? Like, can I go 50 miles away from where I live and get a loan from a bank. 

2.) How exactly does a deal work? If you are partnering up on a deal and one has the money and the other finds the deal, what's to say the person with the money doesn't just take the deal and finance it themselves and make more money off of it without having to split it between the 2 of you? 

3.) When finding deals, do you usually work with a real estate agent or do you do everything yourself and save the money? 

4.) Final question, are there any investors in my area that I'd be able to get in touch with and just try and learn a few things from them? 

I'd appreciate any and all help you guys give. I'm trying to get myself out there and create relationships with new people and learn whatever I can on my road to financial freedom.