Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

6
Posts
0
Votes
Karen Jackson
0
Votes |
6
Posts

Newbie with Finance Question(s)

Karen Jackson
Posted

I am running analysis on different homes looking for that "good" deal to purchase my first rental (single family) property. I have zero experience which makes it a little challenging to get lenders to trust that I will repay their money back. I have a good credit score (740+), but not sure if I should I get preapproved for a mortgage loan or hard money loan first (before finding a property)? Where do I start and will I need an LLC first so that the (borrowed) money is NOT in my name? Thanks for any help you can give.