Best way to get a loan

7 Replies

Hi my name is Ryan Clark out of Tampa Florida, I want to start my real estate investment journey, and need some advise on the best way to get a loan for my first property .

@Ryan Clark  Like your drive, but 1st you have to grow up. No one will give you a loan at 16 and no full time income. Keep working hard, save money.

Upen Patel, Mortgage Banker

National Lender, Federal NMLS# 1374243

Call then go see a small local bank or credit union, ask for the commercial loans dept.  I would let them tell me where I'm at and what I need to do to be loan worthy.  You don't necessarily need to do whatever they say but it would be informative and costs you nothing.  Get out of your comfort zone and expose yourself... to rejection.

@Ryan Clark

Do you have anyone else that could help you get started such as parents? You'll be pretty limited with financing options based on your age. The good news about that is you're potentially getting such a great head start. I know a lot of people would love to have found Bigger Pockets with an eye for investing at just 16!

Best wishes to you.