Hi all! I just moved to TX and ready to get my feet wet in the real estate market. I’m a newbie so would love any advice I can get on how to select a lender to work with. I’m planning to purchase a rental property.
@Morgan Peabody An important concept to understand is the availability of money is more important than the price of the money.
Often your choice of lender will be made up for you simply because it is the lender that will actually do the deal. There are all kinds of lenders and loan programs. These may have all kinds of requirements and restrictions.
Get to know the different types of loans available. Financing for investment properties is vastly different than homeowner loans. Financing for a business entity like an LLC is very different than financing in your own name.