We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode 62: Rookie Reply: What’s The Best Way to Find a Lender?

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

2021/3/20
logo of podcast Real Estate Rookie

Real Estate Rookie

Shownotes Transcript

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

Check the full show notes here: http://biggerpockets.com/rookie62

Learn more about your ad choices. Visit megaphone.fm/adchoices)