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Updated almost 8 years ago on . Most recent reply

User Stats

38
Posts
4
Votes
Frankie Lotrec
  • Investor
  • VA
4
Votes |
38
Posts

Should loans be from local bank or where investement is?

Frankie Lotrec
  • Investor
  • VA
Posted

Hi all,

I am greener than green to the real estate investment field.  I 've not been this excited about life in a while, buying property as a means to build wealth is an exciting venture.  LOOOOOVE this country.

so my question is, when buying an investment property out of state, VA in this case, which is wiser, getting a loan from a bank where I, the investor, reside OR getting a loan locally where the investment property is? I know PNC our bank here also has a branch there....

thanks so much

Francesca

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