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Updated almost 3 years ago,

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Out of state financing options

Posted

Hi! I’m a relatively new investor. I own a single family home that I purchased as a primary residence two years ago. I rent out a portion of that home for more than my mortgage and I’m planning on fully renting the property in the next six months. I live in an expensive area and I’ve been looking at purchasing a 2-6 unit multi family property out of state. I’m planning on putting down 20-25%. What financing companies should I be looking at and what kind of loans could I use?

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