62: Rookie Reply: What’s The Best Way to Find a Lender?

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 20 March 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week’s question comes from Kaylee on the Real Estate Rookie Facebook Group. Kaylee is asking: When looking for a lender (specifically 203k) what is the best most effective way to find them? Do I need to find someone local? Am I overcomplicating? Whether it’s a 203k loan, or any other loan, having a consistent and quality lender is incredibly important when building up your real estate portfolio. Ashley and Tony have both used a handful of lenders to fund their different types of deals. Here are some suggestions: Start with local lenders, especially ones you have relationships with already Call or email all the banks in your area or the area you’re looking to buy in Tell loan officers your plan, they may have a loan that fits exactly what you need Even if a loan officer doesn’t have the right type of loan for you, keep up the relationship! Get referrals from other investors in your area And More! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show BiggerPockets Calculator BiggerPockets Forums Check the full show notes here: http://biggerpockets.com/rookie62 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie show number 62
0:07.2	My name is Ashley Care, and I am here with Tony Robinson and we are back with another rookie reply
0:14.6	Today we have a Facebook question from Kayleigh driver
0:19.6	So hold on before we dive into today's episode let's take a quick break
0:22.9	Our current interest rates making you depressed about cash flow
0:26.3	What if it didn't have to be that way?
0:28.1	Rinse to retirement has 2.99%
0:31.6	seller financing available on turnkey properties you heard that right
0:35.7	That's a seller financed
0:37.7	2.99% interest rate where the average cash flow is over
0:42.5	$900 per month they also have options where you can put as low as 5% down on multiple investment properties with no
0:49.5	PMI rinse to retirement is the nation's leading turnkey investment company that
0:53.9	Understands what it takes to be successful in today's dynamic real estate market their reputation speaks for itself with more
1:00.4	Five star reviews than any other company on the bigger pockets website
1:04.4	Rinse to retirement offers fully turnkey properties that are newly built or renovated
1:09.4	Leased and managed allowing you to invest with confidence in the markets that offer the best returns to learn more
1:15.8	Visit rinseturetirements.com that's rent
1:19.0	T.O. Retirement.com or called 800-311-6781
1:26.1	That's 800-311-6781 to learn more about how you can get started investing as some of the best cash flowing markets today
1:36.4	Do you know how easy it is to buy an investment property from New Western just head over to New Western's real estate market place
1:42.6	Find investor vetted properties get help from the new Western team of real estate specialists
1:47.0	Save time and money and buy the perfect property for your goals. They told you it's easy or
	...

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