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Updated over 3 years ago on . Most recent reply

User Stats

9
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3
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Dana Dietz
  • Investor
  • St. Charles, MO
3
Votes |
9
Posts

Which comes first, the property or the lender?

Dana Dietz
  • Investor
  • St. Charles, MO
Posted

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

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1
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Replied

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!

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