Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Local Real Estate Networking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

10
Posts
0
Votes
Elaine Lee
0
Votes |
10
Posts

First rental property loan advice

Elaine Lee
Posted

I'm new to investing and I'm just starting to put a team together. Currently in the process of chatting with a few realtors. I have a question regarding where I should get my mortgage for this first investment/rental property from.

I currently have a primary residence and its mortgage, but I'm planning to put rental properties under a LLC (or corporations in Canada), what process/place would you recommend I get the first mortgage?

From what I researched so far, (investor-focused) mortgage broker has been recommended a lot, but seems like a mortgage broker is a great way to find loans but not so on saving money. So given I'm at the very early stage, I assume it's easy to just get a loan from a bank (given my reasonable income etc.), would it still be better to talk to a broker?

Thanks!

Loading replies...