Where to get financing? Local to the property or local to you?

[Calvin H Duggin]

Hello all,

I'm currently house hacking and that is going great so far. My parents also have several rental properties and habe learned a lot from them. I'm now looking for my first investment property but before I go to far I plan on getting my financing in order. (Making sure not to get the cart before the horse)

I seem to recall from possibly one of the many podcasts that I have been listening to that it's best to get financing from a small local/community bank that is close to the property. Have y'all found this to be true? Also where do y'all get your financing?

I have 20 percent down and have some extra for updates etc.

Thanks in advance for any advice/information.