Need help getting started with Rentals

[Afsheen Akbar]

Hi guys

I am in the process of trying to understand of how to get started with the rental business. I am starting off posting few questions about it. If anyone else wanna add another question that would be gr8

1. How do u find wholesale deals....do u just talk to a Realtor as u would to buy a house to live in? Are there specific places to look for these deals or r u better off searching for it ur self.

2. If you r buying a property to rent do u just get a regular mortgage or investment loan. Does it even matter? Or does it depend on if u r getting it in ur name or under an LLC or some other entity?

3. Is the best place to look for a property at discount is pre-forclosures or forclosures?

4. If the answer to #3 is no, then where in this market could u find properties with good amount of equity in it?

5. Do u look for property first or financing first?

Some of these questions could totaly be irrelevant please lemme know and also the reason why. Thanks in advance for the help.