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Updated almost 6 years ago,
First Time Approaching a Local Bank for Financing
I am planning on purchasing my first rental property within the next six months using a conventional loan from a community bank. I have already found a bank that is a known portfolio lender so I should have no trouble convincing them to lend on a solid deal.
I was wondering if anyone had any tips on how I should present myself or my deal when applying for financing for the first time. Do I focus on the merits of this deal only or do I lay out my plans for the future as well?
Any tips would be appreciated!