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Newbie investor needing advice

This is my first time to venture into real estate investing and I need your input. I live in the San Antonio area and I want to know how much I can borrow so I can determine how much I can spend on my first property. Is it better to get a loan from a bank or a private lender? Friends have recommended that I look for an experienced loan officer to show me the ropes. I really have no idea which direction to take and would surely appreciate some good advice. Thanks so much. by jsnover700 from Alexander City, Alabama. Dec 3rd 2021 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Without doing a full application, there is no way to be accurate. Contact a local mortgage broker in your area. In the meantime, a cheating quick idea is a maximum loan of about 4.5 times your yearly income. I lend in MN WI IA ND SD. Find me at WI-MortgageBroker.com / Cambria Mortgage NMLS 274132

Dec 7th 2021
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