First Time Homebuyer Minnesota

[Will McInerney]

I'm interested in buying my first house and wondering what tips people have for finding a lender for my first house. I have reached out to a realtor and he gave me the information for a couple lenders, but I want to keep my options open and look into other avenues if possible. Use a traditional lender, online lender etc.? What have others had success with especially in the early stages? Thank you.

[Tim Swierczek]

@Will McInerney I think the answer to this depends.  Are you looking to house hack a multifamily property? Or, looking to grow a portfolio?  If so, I think you need to find a lender who has experience growing a portfolio, otherwise, I think you will get advice that looks only at the transaction in front of you and that is a good way to make deal two, or three much harder than it needs to be.  I would say the same things about your Realtor choice.  if you are just looking for a single-family in the suburbs any attentive, full-time agent will do.  If you want to purchase a property that will be an investment then you should use a Realtor that specializes in working with investors.  An investor focused Realtor who has built a portfolio will be able to guide you to do the same and will help you find opportunities that the average Realtor cannot see.