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Updated over 3 years ago on . Most recent reply
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Which comes first, the property or the lender?
Hi, I have recently landed in a position where I am able to work on my dream and build my retirement, by getting back into real estate investing. My goal is to build a BRRR portfolio, but I need to build up my cash reserve so I was going to fix n flip in the mean time. But I'm also learning about OPM. I have some contacts for private and hard money lenders, that I got from my local REI meetings, but I haven't reached out yet because I don't have a property to pitch them at this time. Or should I connect first with lenders before finding property?
Thanks,
-D
Most Popular Reply
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Hi Dana,
I just did this myself! First I looked up a few national lenders, and then a few local. Most had a lot of the information I needed on their website
Kravitz allowed me to sign up and create some loan scenarios so I could see what my options were.
one of the local companies offered a free consultation, and I was able to ask all of my questions, and then some.
Don't t be afraid! They want to help. Also, my take is: how they treat me before I'm a customer says alot about how things will go when I am one. You need to be comfortable with you team, and that includes the lender!