Real Estate Rookie How to Fund Your First Rental (Rental Property Loans 101) (Rookie Reply)
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Jun 20, 2025 Explore practical ways to fund your first real estate deal without needing a license. Discover various financing options like traditional bank loans and seller financing, plus learn about cap rates and their crucial role in commercial investment. Get inspired by success stories and actionable strategies to navigate the property management challenges. Whether you're a rookie or a seasoned investor, this episode offers valuable insights to help you make informed decisions and achieve financial independence through real estate.
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Explore All Financing Options
- Start by assessing how much cash you have available for your first real estate investment and reserves.
- Explore all financing options including banks, credit unions, hard money lenders, and private lenders before deciding.
Use Mortgage Brokers to Shop Loans
- Contact multiple lenders including traditional banks and hard money lenders to compare loan products.
- Use mortgage brokers as they can shop various loan products across many lenders to find the best fit.
Communicate Clearly with Lenders
- Reach out to multiple lenders with a clear description of your finances and investment goals.
- Ask them what loan products suit your needs rather than specifying a certain loan type initially.
