Best banks for real estate investors

[Parker Russell]

Hi guys! I’m super new here, never owned a home. I’m a fireman in the San Antonio area. My dream is to become a successful real estate investor and as they say, gotta start somewhere. I wanted to reach out to this great community to begin building my “team”. Pretty sure the first thing I need to do is find out how much I can borrow so I know a price range for my first investment? I’m wondering what y’all think the best banks or lenders in town are out of curiosity as I don’t really have any direction. Thanks, much love -Parker

[Chris Jensen]

@Parker Russell welcome to BP, and good for you for being ready to get started down the REI path! I wouldn't jump immediately into the HML pool. They're certainly a good option for those who don't have many traditional financing or private money options. Check around with some local banks. If you can connect with some local real estate investors, see who they're using. Hopefully someone on BP from your area will have recommendations as well. Banks that cater to real estate investors will have very reasonable rates and flexible terms that, IMO, make them preferable to hard money. Smaller, local banks and credit unions tend to be the most flexible because they know the market and are connected with all the local real estate agents and title companies. Just my two cents. Best of luck to you!

Chris