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Updated over 2 years ago on . Most recent reply

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Alex L. Goodman
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First time investor and choosing lender

Alex L. Goodman
Posted

I am currently looking for my first investment property and hopeful I can get some helpful pointers to make sure this is as seamless as possible for my first investment. 


I just purchased my personal property in March and I only say that as house hacking isn’t an option. 

My current struggle is finding a lender that is first time investor friendly. Has a wealth of knowledge on loan options and can point me in a good direction. I believe a conventional loan is likely my best option, but would love to know if I’m wrong. ideally looking for someone that can give me some rough numbers that it would take to make this first purchase. 

The properties I'm looking at are both SFH and Duplexes ranging between $90-150k.

For some additional information that should be helpful. My credit score is currently 698, but varies month to month between 690 and 740. DTI is below 35%, and have a W2 job. I'm always happy to provide more info if needed.

Most Popular Reply

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Remington Lyman
#3 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
6,648
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5,677
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Remington Lyman
#3 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Alex L. Goodman:

I am currently looking for my first investment property and hopeful I can get some helpful pointers to make sure this is as seamless as possible for my first investment. 


I just purchased my personal property in March and I only say that as house hacking isn’t an option. 

My current struggle is finding a lender that is first time investor friendly. Has a wealth of knowledge on loan options and can point me in a good direction. I believe a conventional loan is likely my best option, but would love to know if I’m wrong. ideally looking for someone that can give me some rough numbers that it would take to make this first purchase. 

The properties I'm looking at are both SFH and Duplexes ranging between $90-150k.

For some additional information that should be helpful. My credit score is currently 698, but varies month to month between 690 and 740. DTI is below 35%, and have a W2 job. I'm always happy to provide more info if needed.

 I would reach out to @Chris Wharton. He is a solid lender here in Columbus, Ohio

  • Remington Lyman
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