All Forum Posts by: Marc Lewis

Thanks Heather. I've been aggressively working on lowering by DTI for the last three months. From what I've read I knew that could be a major sticking point with the banks. By the end of Spring I'll have very little debt left and begin seeking out financing for my first deal.

Hey thanks Bob.  I was leery of going with hard money as my first deal, but I still wanted to throw it out there.  I've read a little about seller financing, but I'll definitely do more research in this area.

I do plan on being a buy and hold investor, at least for the first couple of years.  I have good credit and am working hard to pay down debt to attain great credit, which should happen by the end of Spring.

I'll definitely explore all of the ideas you've mentioned before acting.

BTW, I love your saying...."Create your luck by taking massive action!!".  Without a doubt I will have my first two investment properties by the end of 2015.

Hello,

I'm just getting started in the world of real estate investing.  My goal is to continue my research and purchase my first rental property by June of this year. 

My question is, as a first time investor, what is the best or easiest way to obtain financing?  Bank Loan, Hard Money, Private Investor, etc?

Thanks,

Marc

Great news, thanks Shawn.  I'll definitely take your advice and shop around if the terms aren't favorable.

Thanks Joshua.  I plan on staying in the same industry, so hopefully that works in my favor.

Hello Everyone,

I am new to BiggerPockets and at the very beginning stages of embarking on a real estate investing career. I have been reading the forums and blogs, and plan on joining the CT REIA this month.

I work in the Financial Services Industry.  I have been with my current employer for five years.  I was with my previous employer for four years and the with the employer before that for almost eight years. 

I'm currently looking to change employers and have a couple of interviews lined up.  My question is, if I change employers will this hurt my chances of obtaining my first bank loan even though I have a history of staying with an employer for a long time?

Thanks,

Marc