Newbie Investor Looking to Partner
Good Afternoon BP Community!
I know what your thinking, "Gosh, another newbie looking to invest".
Lol, well you're right. I've been looking into real estate roughly for the past 2 yrs. With my main focus being wholesaling, I haven't had too much luck here in the Houston/Katy area. Looking to switch gears a bit and try something different, I would like to start looking at rental property moving forward since my overall goal is to build a hefty rental portfolio. My goal for the next few days is to reach out to local banks and gather information on loans and policies and things needed to qualify for an investment loan.
With all that said, my question is what should I ask these lenders as I'm "shopping" around these next few days?
So far I have:
-Do you work with investors?
-Loan Types?
-Downpayment Needed?
-Terms of each Loan?
-Do you offer non-recourse loans?
Also, does anyone here have a problem property they are looking to get rid of?
All feedback is greatly appreciated!