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Updated almost 6 years ago on . Most recent reply

Purchasing my first rental
This will be my first rental property , I need advice , should I get a loan from the bank ? If so I’m located in Florida what banks should I go to that will have less interests ? I personally heard private lenders are better but I don’t know any.. If you know a private lender , would you recommend one in Orlando/ Florida to help me ?
Most Popular Reply

Hi Sarah,
You want to go with a conventional loan. A private lender or HML will have very high-interest rates and fees. Go to your local bank Chase, Bank of America and start your pre-approval process there.