Financing Out of State Multi-Family with Local Banks?
2 Replies
Harris L.
Investor from San Ramon, California
posted over 3 years ago
Hi guys,
As I have always funded all my investment I'm now looking into financing my first multi-family investment with a lender.
From listening to bigger pockets podcast, it seems like local banks might be easier to work with... so my question is.
Have you guys encountered local credit union in your town refusing investments out of state?
thanks.
Harris
Chris Mason
(Moderator) -
Lender from Oakland, CA
replied over 3 years ago
Originally posted by @Harris L. :
Hi guys,
As I have always funded all my investment I'm now looking into financing my first multi-family investment with a lender.
From listening to bigger pockets podcast, it seems like local banks might be easier to work with... so my question is.
Have you guys encountered local credit union in your town refusing investments out of state?
thanks.
Harris
Local means local to where the real estate is at, not local to where you are at. :)
Harris L.
Investor from San Ramon, California
replied over 3 years ago
got it Chris!
Thanks