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Updated 5 months ago on . Most recent reply

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Stephen Branagan
11
Votes |
8
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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! 

Most Popular Reply

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277
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377
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Kerlous Tadres
  • Realtor
  • Columbus, OH
377
Votes |
277
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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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Kerlous Tadres | Reafco Real Estate
5.0 stars
16 Reviews

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