Investing out of state

[Adam Smith]

I live in Southern California and I am looking into buying some out of state rental properties. Now my question is, should I reach out to banks/lenders in my area to get financing or should I look into lenders in the area (Ohio, Arizona etc.) where I am looking to purchase my investments? If any one has any experience in this space please let me know what you have done or seen done.

Thank you

[Nghi Le]

There's a lot of suggestions about using lenders local to the property. My preference is to use national lenders. That way you're always dealing with the same person and don't need to call around for new lenders each time you enter a new market (which can take a lot of time). If you're looking to buy in an LLC, check out national commercial lenders like Chase and US Bank.

If you looking for hard money, I usually prefer the national ones as well for the same reasons and because they usually have cheaper rates.