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 4 years ago,

Account Closed
  • New to Real Estate
  • Fort Worth, TX
6
Votes |
4
Posts

Questions to ask bank lenders when shopping for financing?

Account Closed
  • New to Real Estate
  • Fort Worth, TX
Posted

Newbie couple here, I'm Sebastian, Angela's husband and we're in "education mode" with goal to acquire first rental property in the next 12 months. We're based in Ft. Worth TX, most likely to start investing here and branch out later, primarily focused on buy & hold strategy. I have a F/T W2 job and Angela is P/T, so we definitely want to take advantage of relative ease of financing while we are still working (also have good to great credit.) After listening to many podcasts, I'm preparing to reach out to smaller community/regional banks since it sounds like they may be more open and flexible to options in addition to traditional mortgages. I'm going at it with the approach of learning from them what their needs are to better position ourselves as we forge relationships with these bankers...(i.e. "mr/mrs banker, what kinds of properties do you favor? SFH? multi's, condos, etc.? ) Asking this group what might be some helpful questions that not only continues this ""How can I help you, mr./mrs. banker" approach, but also helps us learn what their parameters/appetite would be as we get ready to plunge in this? Thanks in advance!

Loading replies...