Cash out in cincinnati

[Alan Zee]

Hi All, 

I just purchased 2 properties (duplex and 4-plex) for cash about 2 month ago in Cincinnati and like to cash out refi to invest in bigger deals. I am in NY. Anyone know of any lenders/brokers that works with out of state owners ? 

[Ryan Evans]

I've got a friend who I believe is working with Key bank from out of state. Probably not the first choice for most, but they are based in OH, so at least understand the local landscape. I think you're likely to get better terms if you let the property sit for 6 months or so with tenants in it.