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 over 4 years ago,

User Stats

17
Posts
10
Votes
Andre Jones
  • Sicklerville, NJ
10
Votes |
17
Posts

Loan Process for Buying Properties

Andre Jones
  • Sicklerville, NJ
Posted

Hello Biggerpockets,

Forgive me if the question I'm about to present was similar to a previous post. I'm shopping around for financial backing for my next investment property. I currently have a rental and my primary with a HELOC to help fund my next project. I reached out so far to HMLs and local banks for additional financing. Only to be told I need to have a property in mind, which brings me to my question—going this direction, how does one accomplish finding a property, getting a GC quote or an inspection for rehab numbers, and applying for a loan in time to submit an offer? My initial strategy was BRRRR, but with potentially having to go through the seasoned period unless I have cash, I decided to do a few flips first to generate some cash. Any suggestions or shared experiences would be greatly appreciated.

Thanks!

Loading replies...