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94083 : Real Estate Advice

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Wed Nov 19, 2008
David Tapper answered:
Ws, the first thing you need to do is get pre-approved for loan otherwise you are wasting your time.
My advice is to go to a big lender like B of A or Wells Fargo. Because this is not going to be your personal residence, you will need at least 25% down.

If you can qualify, then you need to find a good agent in the area where you are looking. If you need referrals for a local agent or loan person, let me know.

The time is right, it's the first time in over 10 years where you can buy an investment property that would pay for itself or even give you cash flow.

Regards,

Dave Tap Tapper
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