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Updated almost 6 years ago,
Secure Financing First or Find Property first?
I have a goal this year of securing a 5-9 unit property in the Central MA area. i currently own a 3 unit and relatively new as an investor but am motivated. I am a member of 3 real estate meetup groups and listen to BP podcast when I can in order to raise my real estate IQ. I am slowly learning about creative financing. I have been reading Brandon Turner's book about the subject. i am trying to forge relationships with those who are willing to to do a deal with me and I'm learning how to speak to others about such a deal ie. lending me money with returned money and interest to them.
Here's my question, do I find my ideal property first and then secure financing or is it the other way around? I think common sense says get the financing in order but I have also heard otherwise. Feedback is appreciated.