All Forum Posts by: Malcolm Brown

 Hey @Malcolm Brown! What type of properties are you looking to buy, SF, 2-4 MF, or 5+ MF? And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

@Malcolm Brown it is great that you are thinking of the money to fund the deals you are going to get started with but understanding what a deal is, I think, should be the starting point.  Also you have to understand what kind of investor you want to be.  Are you looking for cash flow/appreciation/a little of both?

finding and analyzing deals should be at the top of your list of things to learn when starting out!

Best of luck!

Hi @Malcolm Brown,

Welcome! It's best to approach 2-3 lenders to compare their rates, terms, and loan programs. It'd be a good idea to work with lenders who have found their niche working with investors. BP is a great resource for connecting with lenders. 

Have you considered what property types or markets you're interested in?

Hey @Malcolm Brown, welcome to the BP Forum! What type of properties are you looking to add to your portfolio? SF, 2-4 MF, or 5+ MF? And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"? Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project.

Hello @Malcolm Brown,

Welcome to the BiggerPockets forums!

Most of our newer investors approach 2-3 lenders to discuss loan options.

Some lenders recommend making your financing inquiries within a 45-day time period to avoid larger drops in your credit scores.

All the best!

Abel

Welcome Malcolm, I'm excited to see your journey unfold.. what's your gut feeling about the New York market these days?