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Updated over 4 years ago,

User Stats

14
Posts
5
Votes
Dustin Dumbravo
  • New to Real Estate
5
Votes |
14
Posts

What to do first? LLC? Pre-approval?

Dustin Dumbravo
  • New to Real Estate
Posted

So..I’m ready to plunge in head first. Will have to do conventional financing with 20% down as I’m looking for a MFP (4 plex) and will not live in it. 

What would be your first step? Establish an LLC? Can you get pre-approved up to a specific amount without having a specific MFP in mind? Obviously you don't want to write an offer without being approved for a loan, but MFP can move quick and be under contract within a few days. An offer can't come before the financing…

if you've found a ‘good deal', what's next? LLC? Financing? Offer??


Thanks!

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