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Updated over 4 years ago on . Most recent reply

Darnell Davy's profile image
Darnell Davy's profile image
Darnell Davy
  • Investor
  • from New York, NY
  • Member since Jul 1, 2020
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Darnell Davy's profile image
Darnell Davy's profile image
Darnell Davy
  • Investor
  • from New York, NY
  • Member since Jul 1, 2020
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Darnell Davy
  • Investor
  • New York, NY
1
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

Denied by Lender because I’m out of state

Darnell Davy
  • Investor
  • New York, NY
Posted

I’m looking to be an out of state investor but a local lender of that town just told me that they don’t lend to out of state investors.

Is this common? I want to know before I start calling my list of other lenders.

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Sam Martin's profile image
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Sam Martin
  • Lender
  • from St. Augustine
  • Member since Apr 1, 2020
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Sam Martin's profile image
Sam Martin's profile image
Sam Martin
  • Lender
  • from St. Augustine
  • Member since Apr 1, 2020
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Sam Martin
  • Lender
  • St. Augustine
12
Votes |
14
Posts
Sam Martin
  • Lender
  • St. Augustine
Replied

You will need a foreign entity registration for that state. Pretty simple to set up, this way you will be registered in that banks state!

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