A common question I see on the forums is, How do I find a bank to lend to me?
One of the best ways to get started in buy-and-hold real estate is with an FHA loan or 203K loan.
With these loans, you can get up to 96.5 percent of the property financed at a very good interest rate.
It’s easier to build a relationship with these banks.
Ask for Referrals If a bank has lent to another real estate investor who is doing what you are doing, then why wouldn’t it lend to you?
Start by asking any real estate investors that you know.
I’ve answered this question multiple times for people who are looking for Kansas City banks.
I called every single bank and asked to speak to a lender.
Target Your Calls The most creative way I’ve found to find banks is to actually search for which banks ones lending to people like you.
There are plenty of banks out there willing to lend to investors, you just have to find them.