Buying out of state multi families with an LLC

[John McGow]

Hello all,

I am a complete newbie to real estate investing, as in it just piqued my interest a few weeks ago.  After much research I would like to start acquiring a few small multi family rentals.  I am in a high cost state (CT) so buying out of state is more appealing to me.

I am still going back and forth with the LLC decision but will likely be creating an LLC due to existing assets that I would like to be protected.

I have a nice local professional network which includes lenders, agents and attorneys.  However, most of them will only work in state, especially if it is commercial.

My question is how hard is it to find commercial lending with an LLC for out of state properties? Also, what is the best way to establish a rapport with a good team on the ground (in the state you are buying in) and with an out is state commercial lender. If anyone could share their experience it would be truly helpful. Thank you!

[Jaysen Medhurst]

Where are you located, @John McGow? There is a lot of opportunity in CT. No, you're not going to find $30k houses, but plenty of good, cash-flowing properties in the state.