Updated almost 4 years ago on . Most recent reply
Buying in Ohio as an out of State investor
Hello BP community, We are up to 7 properties in North east ohio. 3 of the 7 deals were loaned on in one partners personal name 2 of them have been transferred via refi. We were working with a lender but were constantly treated like second hand citizens since we live outside the area so we have moved away from them. However trying to find local banks, credit unions even nation wide lenders that arent stuck at 30% 35% ltv whether it is a refi or loan. ( and will loan in the llc name) is there anyone out there in a similar situation that could recommend what and where to be connecting with more investor focused lending. Is there any "unspoken requirements" like value per door/unit that we should be on the look out for. Keep in mind properties are 35k to 110k in value in an area that would be considered c+/b- occupancy.
Appreciate and feedback. Good luck out there BP Community!!