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Updated over 1 year ago on . Most recent reply

User Stats

14
Posts
10
Votes
David Chin
  • Rental Property Investor
10
Votes |
14
Posts

Out of State Friendly Banks or Lenders in Indianapolis

David Chin
  • Rental Property Investor
Posted

Hey BP, I was wondering if anyone had a good reference in Indianapolis for me to obtain a conventional mortgage? I'm currently out of state, trying to get started with BRRRR investing in Indianapolis and would like to compare rates from different sources. I also read that most banks typically aren't fond of out of state investors, is that the experience of many others investing in the area? Thanks a lot.

Most Popular Reply

User Stats

35
Posts
14
Votes
Jean Laurin
  • Rental Property Investor
  • Los Angeles, CA
14
Votes |
35
Posts
Jean Laurin
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Simon Stahl I called many from the list and several offer delayed financing exception (cash out the lesser of: what's on the HUD1 or 70% of ARV). I'll send to you.

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