Buying My First Duplex

[Jameson Tanner]

Hi all,

I am a very new investor trying to get into the real estate game. I have been soaking up the BiggerPockets webinars, books, etc and feel confident in my ability to analyze/offer on deals.

I have a few duplexes I would like to make offers on, but the piece that I don’t quite understand is how to approach a bank for financing. My question is this: After sitting down with a loan officer and submitting tax returns, etc, will they let me know a price range that I can buy in? And if so, how long do I have to work with that number until I have to do that process again?

Would someone kindly explain that process to me? Thank you!