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Updated almost 12 years ago on . Most recent reply

David McEwan's profile image
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David McEwan
  • Real Estate Investor
  • from Fort Lauderdale, Florida
  • Member since May 13, 2014

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David McEwan's profile image
David McEwan's profile image
David McEwan
  • Real Estate Investor
  • from Fort Lauderdale, Florida
  • Member since May 13, 2014
David McEwan
  • Real Estate Investor
  • Fort Lauderdale, FL
8
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Starting Out

Should I seek financing before shopping?

David McEwan
  • Real Estate Investor
  • Fort Lauderdale, FL
Posted

Hello everyone, Just wanted to know should I seek financing to know the numbers on what I can purchase before looking for the property or vice versa??

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Brie Schmidt

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Brie Schmidt
Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@David McEwan - That depends.  For buy and hold - Yes.  you will need to know how much you can afford since the loan is based off your income.  For fix and Flips - No.  You will be in the hard money space which is loaned off of the deal

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