Investment loans

[Andrew Gschwind jr]

Hi I live in Maryland I wanted to buy an investment property to buy and hold But I'm not sure who /lenders are lending for investors Any big bank names?? Or should I try a credit union ?? Any suggestions Would be good

[Beth L.]

Start with the bank you already have a relationship with. You are a known entity with them. Keep in mind you will probably get different terms going with a commercial loan (if purchasing in an LLC) than if you are purchasing in your personal name. We use LLCs to buy and hold in MD and currently have the terms of 25% down for a term of 20 years. I am sure there are other options though, and personally, would like to do better than this. I am interested in finding out what everyone else is doing.