Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Rashawn Stevens
  • Real Estate Investor
  • Newport News, VA
7
Votes |
29
Posts

New investor looking for financing

Rashawn Stevens
  • Real Estate Investor
  • Newport News, VA
Posted

Hello Bigger Pockets community, I am new to real estate investing and have a few question regarding lenders. I am looking to start flipping properties and would like to use lenders as my source of financing. I was wondering if I should approach lenders with my business plan and a few sample deals giving an example of the kind of deals I am looking for, and see if I could get a letter of commitment from the lender (or a pre-approval letter and proof of funds statement) before going out and looking for deals. Or should I wait until I have a deal under contract then go look for a lender (and run the risk of maybe not finding financing)? All advice is appreciated. Thanks

Loading replies...