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Updated almost 4 years ago,
Questions to ask bank lenders when shopping for financing?
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!