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Updated over 1 year ago on . Most recent reply
Does bank location matter?
I'm new at rental home investment.
Does bank location matter? Is there any advantage to having an account where I live vs. where the property is?
Also, I have had an account at a local credit union for years, but I'll be moving out of town soon. I was thinking about asking them, but I won't be in the same city pretty soon.
Most Popular Reply
Quote from @Doug Davis:
I'm new at rental home investment.
Does bank location matter? Is there any advantage to having an account where I live vs. where the property is?
Also, I have had an account at a local credit union for years, but I'll be moving out of town soon. I was thinking about asking them, but I won't be in the same city pretty soon.
It Depends. If investing in populated area, I would say no. If areas are rural it will be easier to get a loan from a local bank.
- Chris Seveney
