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Updated over 7 years ago on . Most recent reply

Greg Leach's profile image
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Greg Leach
  • from Sacramento, California
  • Member since Dec 18, 2016
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Greg Leach's profile image
Greg Leach's profile image
Greg Leach
  • from Sacramento, California
  • Member since Dec 18, 2016
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Greg Leach
  • Sacramento, CA
11
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Starting Out

Out of state investing

Greg Leach
  • Sacramento, CA
Posted

I have just a quick question, when buying a property out of state, should I work with a bank local to me for a loan, or a bank local to the property in question? 

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Tom Ott
  • Equity Raiser and Turnkey Provider
  • from Cleveland, OH
  • Member since Jan 8, 2016
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Tom Ott's profile image
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Tom Ott
  • Equity Raiser and Turnkey Provider
  • from Cleveland, OH
  • Member since Jan 8, 2016
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Tom Ott
  • Equity Raiser and Turnkey Provider
  • Cleveland, OH
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Tom Ott
  • Equity Raiser and Turnkey Provider
  • Cleveland, OH
Replied
Originally posted by @Greg Leach:

I have just a quick question, when buying a property out of state, should I work with a bank local to me for a loan, or a bank local to the property in question? 

 As long as they can lend in that state it should not be an issue. Just make sure it is an investment property and not a personal residence!

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