Updated over 9 years ago on . Most recent reply
First deal/ first loan
Hi, all.
My wife and I are in the research phrase of making our first deal. The deal would be for a duplex in a college down with 3 units. Comparable comps rent for $700 a unit. The duplex is 50k
My question though is how should I go about my first loan? My wife and I own a house, do we go to a bank?
Most Popular Reply
Thank you @Peter Mckernan
I actually work in a community bank - in the Electronic Banking Dept. I don't have any contact with those in the Lending group, but it may be worth a shot to start here as well. I don't want to have a number of hard pulls on my credit so how would you recommend I proceed? Would the loan amount I'm approved for vary from bank to bank? Or do they generally use the same system?



