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Updated about 6 years ago,

User Stats

19
Posts
5
Votes
Scott Luetgenau
  • Rental Property Investor
  • Raleigh, NC
5
Votes |
19
Posts

Lender strategy for long distance properties

Scott Luetgenau
  • Rental Property Investor
  • Raleigh, NC
Posted

I have a newbie question.  I currently have three rental properties where I live (Raleigh, NC).  I'm looking at other communities around an hour outside of Raleigh for rental property investment opportunities.  The market in Raleigh is insane and I'm just totally priced out.  

The question is: should I look for a lender in the long(-ish) distance community I target or should I continue to work with my current lender in Raleigh?  It'd be a primary residence for 6 month - 1 year before renting it out and moving into another property.  Many thanks for any feedback!

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