How to Find Lenders

[Kevin L Owens]

Hi BP community, being new to REI and preparing myself to get my first property I wanted to ask how to go about seeking lenders. Do investors get preapproved from multiple sources or multiple types of lending? There are so many lenders and types of lending I am interested to learn the process. I am certain as I get established this will make more sense and I may work with a select lender(s) regularly. Thanks for your consideration and input. Kevin

[Robin Simon]

Quote from @Kevin L Owens:

Hi BP community, being new to REI and preparing myself to get my first property I wanted to ask how to go about seeking lenders. Do investors get preapproved from multiple sources or multiple types of lending? There are so many lenders and types of lending I am interested to learn the process. I am certain as I get established this will make more sense and I may work with a select lender(s) regularly. Thanks for your consideration and input. Kevin

You should likely seek out a mortgage broker (an intermediary who works with lots of types of lenders) that can present you options for the different loan types (conventional, DSCR, bank/credit union, etc.)