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Updated almost 6 years ago on . Most recent reply

Will McVeigh's profile image
Will McVeigh's profile image
Will McVeigh
  • Rental Property Investor
  • from San Antonio, TX
  • Member since Feb 18, 2015
  • Posts 12
  • Votes 1
  • Experience 11 Yrs
  • Investments 1
Connect

User Stats

12
Posts
1
Votes
Will McVeigh's profile image
Will McVeigh's profile image
Will McVeigh
  • Rental Property Investor
  • from San Antonio, TX
  • Member since Feb 18, 2015
  • Posts 12
  • Votes 1
  • Experience 11 Yrs
  • Investments 1
Connect
Will McVeigh
  • Rental Property Investor
  • San Antonio, TX
1
Votes |
12
Posts
Multi-Family and Apartment Investing

Remote Commercial Loan Applications

Will McVeigh
  • Rental Property Investor
  • San Antonio, TX
Posted

I'm a remote investor buying properties in another state. I've applied to multiple (5) banks and consistently get told that they do not lend to non-local investors for commercial properties (5+ units). Have any of you encountered that experience before? If so, what did you do to obtain a loan? I'm thinking I just need to try harder, but I could use some pointers.

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David de Luna's profile image
David de Luna's profile image
David de Luna
  • Rental Property Investor
  • from NorCal
  • Member since Jul 26, 2018
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399
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David de Luna's profile image
David de Luna's profile image
David de Luna
  • Rental Property Investor
  • from NorCal
  • Member since Jul 26, 2018
Connect
David de Luna
  • Rental Property Investor
  • NorCal
222
Votes |
399
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David de Luna
  • Rental Property Investor
  • NorCal
Replied

Welcome to my El Paso nightmare. Following this post...

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