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Carolina Selva
  • Portland, OR
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Multi-State, Investor-Friendly Conventional Lender You Like?

Carolina Selva
  • Portland, OR
Posted Aug 10 2020, 13:50

Hi!! As an out-of-state investor, t's been SO great networking with BP members from the specific markets I'm interested in. I feel great about the teams I'm building and now ready to move to the next step. Some of the folks I'm working with through BP have recommended local lenders, but I'd love to get pre-approved by a lender that can operate in any of my markets (Cleveland, Capital region/NY, Syracuse, Chicago, Philadelphia).  My main reason is I'm worried about multiple credit checks lowering my score.  Am I trippin'?

Otherwise, does anyone have a good lender they've used that operates in all 50 states (or at least the ones I've mentioned here)?  I looked at Lima One, which was mentioned by one of my team members, but the negative reviews got to me.

To clarify: I'm a buy-and-hold investor looking for MFR's with little (cosmetic) to no work needed - already cash-flowing or cash-flowable.  Looking to pick up at least two in 2020 and ramp up in '21.

Let me know what you know. :o)

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