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Updated over 2 years ago on . Most recent reply
NEWB: Talk to lenders first or find deal first?
Hi. I'll be investing in a 2-4 unit building before the end of the year. If I decide to go at it myself, should I talk to a bank and see what type of loan/limit I can get before finding a property or should I bring the deal to a bank first?
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
It's never too early in the process to start talking with will be a lenders and learning what the process will be and what different options are available. Also, will be a great help in underwriting your deals as financing numbers such as rate, leverage, points have a huge effect!