Updated over 5 years ago on . Most recent reply
National vs Local Lending
My husband and I are 1st time investors looking to buy our first one to two rental properties this year. We do have down payment saved but for lower end properties, to start. We have several friends who have invested in markets like Kansas City & Tulsa because the pricing is more affordable (we are in Denver). Regarding financing for these properties, is it better to have a pre-approval with a national lender so that you can buy anywhere? I am a Realtor in Denver of 15 years but personally investing in a market I don't know feels foreign to me so any suggestions on financing, markets, etc., would be appreciated! Thank you!
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@Tori Whittaker I agree with the others, your goals are more important than a lender. That said I find that larger lenders can loan across state lines while smaller ones like to stick to what they know. Find what you want first.