Mortgage limitation for CA resident buying new build out of state

[Andres Perez]

Hi! I am a California resident starting my journey as a real estate investor and am about to purchase my first properties out of state (Cape Coral and/or North Port Florida). My plan is to purchase new builds (acquiring before construction) and I am working with two turnkey companies for this. One of them has mentioned that, to finance the investment, for CA residents it is usually needed to get a construction loan and then once the property is finished, apply for the actual mortgage. The other turnkey company did not share such concern so I wanted to get input on this from the BP community. 

Basically, my questions is: Are there any limitations for CA residents in financing the purchase of new construction properties out of state? (this is purchasing before the properties are actually built)

Thanks in advance for the feedback!