Chicken or the egg? Property or the financing?

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Figure out your financing and get a preapproval first.  Stick to 4 units or less and a residential loan for your first deal.  Diving into a large apartment building before you learn what you’re doing will likely be disastrous.

You need to know where the money is going to come from. That means you need to know what kind of financing you can get and what the terms will be. many investors hear about homeowner terms and thin they can get that because they have good credit. 

Investment property financing is very different than what homeowners can get. if you are going to own your property in an entity like an LLC that will also affect they terms and type of financing you can get. If you are going to use hard money or private money you better know the the terms and who is going to give you the money.