Updated over 5 years ago on .
Getting Started Questions
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.