Should I buy my first residence or rental property?

[Mark Ronquillo]

Hello everyone, I’m looking to purchase my first rental property. I’m greener than the grass on the other side at this point, but I am eager to learn the real estate business. I came across a great deal (at least that I know of) from a gentleman that is willing to help me out on selling me two properties. In the market I am in rentals are very sought after. What lenders should I look at when just starting out? What do I look for in a lender? Any help would be GREATLY appreciated! 

[Jim Goebel]

Get your primary thing figured out.

Consider house hacking if your life / family constraints allow.  Google or BP search to learn more.  Good luck.

Nothing specific about lenders other than try a few. Don't be concerned about getting rejected - it happens. Credit unions I've found to be easier for primary and HELOC lending for whatever reason. Quicker close, lower closing costs, and better rates.... Not sure why.