Investing with 10k, lender required?
3 Replies
Kay Dunbar
Rental Property Investor from Chattanooga, TN
posted about 1 year ago
After several Podcast reviewed I am still on the fence of if it is required to look for property first or secure my pre approval. Any recommendations? I have a money to invest in commercial, land, multi family properties but do not know if I would get turned down without a lender approvalnfirst.
Martin Vehlow
Real Estate Agent from Wauconda, IL
replied about 1 year ago
Hi @Kay Dunbar , welcome to BP! Great question. I would start with talking to your lender first and getting an idea what you will qualify for, then move on to looking for properties.
Wish you all the best!
Kay Dunbar
Rental Property Investor from Chattanooga, TN
replied about 1 year ago
@Martin Vehlow - Thank You. As I step into this new independence I am hearing more of this being the proper step. Can I ask one more question: is there a website for best lenders or should I focus more on a local spectrum?
Martin Vehlow
Real Estate Agent from Wauconda, IL
replied about 1 year ago
Certainly! I'd ask around for local recommendations, or do a search online for best commercial lenders.