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Updated over 4 years ago,

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FIRST TIME INVESTOR GUIDANCE

Posted

Hi BP Community! Since I've signed up for this website, I've visited it quite a few times and read a couple of forums. It's been very insightful and I finally found the courage to post. I'm in the process of researching and gaining as much knowledge as I can. I just started my business (LLC) and I have to two other partners. We're looking to see which strategy to use btwn fix and flips and rentals. My goal is to find a lender that can guide us which direction to take. I also wanted to ask the following:

1. Do lenders have a preference as to how they lend their money to investors? Would they choose a fix and flip over someone looking to finance long term? 

2. Is using hard money the easiest way to get a property? (We don't want to put too much cash down & we cannot do FHA or hack it)

3. What are some lenders you used for your first property? 

4. Lastly, if you had the chance to do your first purchase over it again, what changes would you make, if any? (I already have mine, not buy your single family home as your first home 😂😂😅


Thank you in advance!!! 

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