The Rookie’s Quick Guide to Financing Rental Properties

Financing rental properties is a common roadblock that prevents many rookies from investing in real estate, but finding a great lender doesn’t have to be difficult! We’ve got some timely tips, tricks, and tools that will make funding ALL of your real estate deals easier than ever!

Welcome back to the “Real Estate Rookie” podcast! Today, we’re bringing you part one of a three-part miniseries on the fundamentals of funding. We’re joined by investor concierge at BiggerPockets, Joe Coleman, who shares some of his best advice for financing your first (or next!) rental property. In this episode, he peels back the curtain to reveal some of the nuances of financing—including when to start engaging lenders while analyzing rental properties and how to find an investor-friendly lender.

Wish you could compare several loans at once? Joe shares a powerful tool that will help you do just that. He also talks about the differences between consumer-purpose and business-purpose loans and why you should be familiar with the different types of lenders and loan products that are available. Finally, stick around until the end to learn about the ONE question your lender doesn’t want you to ask—one that could help you save thousands of dollars on your investment property!

Find an Investor-Friendly Lender to Fund Your Next Purchase: http://biggerpockets.com/findlenders

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Property Manager Finder:
https://biggerpockets.com/findapm
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Real Estate Rookie 335 – 8 Rentals in UNDER 1 Year: A Rental Property Financing Masterclass: https://www.biggerpockets.com/blog/ro...
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The Comprehensive Guide for Financing Your Very First Real Estate Deal: https://www.biggerpockets.com/blog/fi...
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Connect with Joe on BiggerPockets:
https://www.biggerpockets.com/users/j...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or   / wealthfromrentals  
Tony: @tonyjrobinson or   / tonyjrobinson  

Show notes at: https://link.chtbl.com/Rookie


00:00 Intro

03:53 WHEN Do You Need a Lender?

07:26 Common Financing Misconceptions

11:50 Different Types of Lenders & Loans

20:08 Loan Requirements & Speaking with Lenders

28:26 The EASY Way to Compare Lenders

39:01 Lock In Your Interest Rate!