Should I look for financing local to me or to the property?

[Marc S.]

I am looking to buy out-of-state buy and hold deals. Is it better to look for financing at local banks near where I live, or where I'm planning to buy the properties?

Thanks in advance for any advice!

[Greg Snyder]

Hi Marc: I'm looking into buying property is a state 1,000 miles from my home and found that my local lenders are not interested in lending outside their "home" areas. So, I'm contacting lenders in the area where the property is located. If you're using a real estate agent, s/he should be able to recommend some lenders who work with investors.