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Fabio Dovalle
  • Real Estate Broker
  • Somerville, MA
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Buying first house

Fabio Dovalle
  • Real Estate Broker
  • Somerville, MA
Posted Jul 22 2013, 15:40

My wife and I want to buy our first investment house.
We have a few questions.

We are in Massachusetts and thinking about buying a multi-family (2 to 4 units). We will be moving to Florida by the end of the year or no later than April of 2014. We want to take advantage of the line of credit we may have now.
I just got off the phone with a lender specialist from Wells Fargo.

Also, we are in the process of starting our LLC (basically wholesaling at first).
Should we try to get our first house here in MA under our LLC and try to
deal with a small community bank to try to get a good deal?
Or do you believe that Wells Fargo will be able to offer better options?
What are your guys experience with community banks v. big banks whether it is individual or business deals?

I have read many of the threads here, but our case is very specific.

Thank you so much in advance!!!

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