ChrisColdwell Bankers

More importantly, if the only way you can invest is by doing what the bankers tell you to do, then you're going to miss out on lots of opportunities, lots of opportunities.My main concern, however, is that if you lead with the fact you have $17,000, someone will find a way to make your $17,000, their $17,000, at which point you have neither money, nor skills necessary to make it without money in thus business.  

Yes, bankers will always run a credit report on anyone buying property.  

I did dozens with my banker at $250k-$300k before they started funding $1m+ loans.If your looking to buy during a down turn when no one wants to touch RE with a 10ft pole you had better have strong relationships with your banker and have access to lots of cash to get good deals.A $1m crash and burn in 2008 say a failing townhouse project, your going to need hundreds of thousands to get in and turn it around. 

No banker in his right mind is going to loan money to someone who is not going to have his own assets at risk (at least until the investor has run a successful company for quite a while and the company has its own credit history).

The people you'll be working with, the realtors, bankers, title workers, etc, know the business and can only help you if you ask!

I have recently been in contact with my banker trying to get pre-approved for a loan and things are looking good.

When I first got my license, I was with companies like Keller W & Coldwell B and much of the training, etc was centered around residential topics and I wasn't feelin' it, so I linked-up with a friend of mine that started a brokerage that focuses on working with investors- which is my passion and yes... 2 different worlds.So it all comes down to what excites you and gets you out of bed in the morning.If you like the arena of multifamilies, try to link up with a company like Marcus & Millichap or Cushman & Wakefield, etc who will train and support you in working with apartments, etc.

While each component part is not overly hard to understand, there's a ton of steps, and each step has risk embedded in it AND you are dealing with people all along the way: brokers, land sellers, planners, politicians, bankers, construction folks, renters, property managers, and buyers.

I have a detailed explaination about personal vs commercial bankers in this forum link you may want to read.https://www.biggerpockets.com/forums/311/topics/413678-do-llcs-only-get-approved-for-mortgages-4-units-by-banks