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Updated over 4 years ago on .

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6
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Karen Jackson
0
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6
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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.