@Casey Serafino-Lee I would suggest starting with trying to identify the location you wish to invest in, at least to the state level. This will be critical when working with your mortgage company, to ensure that they are local or at least licensed to serve in the state you will be investing in. After that, I would shop around to find the best mortgage company to work with. You can do that by asking others for a referral, or a simple web search to see what companies are local to where you are investing. Since you plan to purchase the properties in your LLC, you will likely be required to utilize a commercial mortgage (as opposed to Conventional, FHA, VA, etc.). It will be important to discuss with your mortgage company the particular requirement and details of the loan so that in your calculations of your investment you can account for the minimum percentage required for your downpayment as well as the approximate mortgage interest rate charged. Also in those conversations, your mortgage company can help you identify how much they are willing to loan you, to help set your purchasing budget. After all that, I think, is the fun part of looking around for the best properties that make the deal work best for you.
I am a local real estate agent from Ottawa, Illinois. We do have some good investment opportunities in this area both on and off the MLS, as well as multiple choices for property management. If you are interested in discussing investing in this market, feel free to reach out directly and I would be happy to talk with you.
