Out of State Lending Advice

[Jazmine Kravitz]

Hello everyone!

Thanks to all who gave advice on my last post a few months ago! I am diligently moving forward with trying to getting my first OOS investment property in Indianapolis! Current goal: BRRRR a property OR purchase a property or buy a property tenant occupied and rehab down the line.

I'm finding myself really being held up by lending and just my lack of knowledge on all of the options. I was under the impression that conventional lending will not be able to provide rehab loans unless the property is owner occupied. Is this true? If not, can anyone refer any conventional lenders that they've worked with in Indiana? 

I'm looking for any advice on the wisest way to acquire my first property. 

I've been doing a lot of research to try and avoid this post but I'm feeling I really need some more opinions.

Thanks!!

[Gloria N Gear]

I have a list of lenders in the Indianapolis areas that work well with out of state investors.  Conventional lenders will loan on anything that is "livable" conditions.  I have gotten creative, but as long as it has working bathroom, kitchen, and furnace, I have secured the loan.  Would love to have a conversation with you.