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Updated 7 months ago on . Most recent reply

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Stephen Branagan
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Stephen Branagan's profile image
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Stephen Branagan
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Stephen Branagan
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8
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Out of State Investing

Investing out of state - Pre approval process...

Stephen Branagan
Posted

Hi,

When considering investing out of state, is it best practice to find a local lender in the market I want to invest in? Alternatively, can I get pre-approved online or with my bank and go from there before shopping between lenders? 

Thanks! 

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Kerlous Tadres's profile image
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Kerlous Tadres
  • Realtor
  • from Columbus, OH
  • Member since Aug 31, 2023
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Kerlous Tadres's profile image
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Kerlous Tadres
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Kerlous Tadres
  • Realtor
  • Columbus, OH
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Kerlous Tadres
  • Realtor
  • Columbus, OH
Replied
Quote from @Stephen Branagan:

Hi,

When considering investing out of state, is it best practice to find a local lender in the market I want to invest in? Alternatively, can I get pre-approved online or with my bank and go from there before shopping between lenders? 

Thanks! 


I would recommend finding a lender in the area you invest in. They would have more connections with appraisers and realtors than the lenders you find outside of the state you invest in. Let me know if you need any referrals, I know a decent amount of lenders

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