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15
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3
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Anthony Barrueco
3
Votes |
15
Posts

Your first out of state investment

Anthony Barrueco
Posted

Hello, I'm considering buying property out of state and renting it out. I'd like to rehab the house and improve its value. What type of loan can I get to rehab the home if I won't be occupying it? Where did you buy your first property and why? Was it a single or multifamily house? Did it require rehab? What was the result?

Any insight is appreciated. 

Thank you!

Most Popular Reply

User Stats

608
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70
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Doran Summers
  • Lender
  • Chicago, IL
70
Votes |
608
Posts
Doran Summers
  • Lender
  • Chicago, IL
Replied

@Anthony Barrueco you should have your team together so it makes the process smoother. Real estate agent(s), contractor(s), title company, lenders, property management, etc.

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