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Updated over 6 years ago,

User Stats

50
Posts
11
Votes
Philip C.
  • Pasadena, CA
11
Votes |
50
Posts

Seeking Lender Advice for Out-of-State Investing

Philip C.
  • Pasadena, CA
Posted

Hello. Newbie here,

I'm considering investing in rental property out-of-state and I've narrowed it down to 2 or 3 cities. I'm wondering which type of lender is better to seek out at this stage: Small local banks within the communities I'm considering? Or a large national lender? Just to be clear, I will eventually narrow it down to just one city, when ready to buy; I was just thinking that if I approach a national lender, they could provide me with options for all 3 cities at the same time. Advice would be greatly appreciated.

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