Financing for Out-Of-State BRRRR

[Rob Barry]

So I'm up to 8 properties that I've bought, rehabbed and rented (well two are undergoing rehab at the moment) and all are out-of-state (Georgia). I'm now looking at options for lending. Chase will give 6.125% on a cash-out-refi, which seems high but workable. I'm hearing others are getting 5.75% on theirs.

For those of you who have great lenders for your out-of-state BRRRRs, how did you create those relationships? Banks I called around and talked to in the Atlanta Area seemed to not want to deal with me or offered me rates above 7%...