Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply
First time buyer - timeline for when to contact broker?
Hi everyone. I'm in the learning/saving/planning stages of buying my first property. I'm planning to use an FHA loan to buy a duplex/triplex in St. Louis (South City/Tower Grove area) and live in one of the units. I expect I'll have enough saved in the next six months or so. I'm wondering when would be a good time to start looking for a broker? I want to be sure to have my ducks in a row when something great comes my way, but I also don't want to waste a broker's time when this deal is still a little ways off. Any thoughts or advice on this (or other timeline tips for me at this stage)? Thanks in advance, helpful people of BP!
Most Popular Reply
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
- 19,594
- Votes |
- 28,492
- Posts
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
The 1st thing I would do is contact a loan officer. If you do not know any loan offices I would then contact a realtor to ask for some referrals.
Get pre-approved so you know exactly what you can afford, then start looking at some properties until you find the one that you want.
Good luck.