Loan acquiring time

[Michael Blizniak]

Ok so I have posted on he formulas before, however some quick background info. I'm 20 years old working full time and have a decent income, for my age at least. I been around rental properties my whole life(parents and family owned some) and I'm itching to get started. I'm at the point where I can start looking and potentially make offers and close on a house I'm just stuck. I will most likely be going the Fha loan route as I want to do this on my own as much as possible. My questions are.. at what point do I sit down with a lender and discuss the loan because I am banking on rental income of a particular multi family rental property to help me qualify for the home, do I go seek a lender once I have the house in mind (which I do) or before? I'm driving myself crazy trying to figure that out

[Casey Mericle]

 Before you talk to a traditional lender talk to the seller and see if you can get financing that way. Those type of loans you can structure the way you want to, as opposed to having another party structure the loan.  Bank terms are almost always harsher than seller financing terms.