Out of state buys: go with a bank where the home is or near you?

[Eunice L.]

Hi BP members! I have a financing question for out of state buys. In the past I have financed with a bank not too far from my properties although not exactly in the same city. When you buy out of state, do you choose a bank that is in the state/city where YOU live or do you choose a bank that is local to your property? Any advantages or disadvantages to either? Or is this question obsolete and it really doesn't matter as long as you got a good rate and terms? In my case, I want to build a long term relationship with a bank and would love for them to meet me face to face so that is the underlying reason why I'm asking the question. Thank you!

[Jonathan Klemm]

@Eunice L. - Listen to the second to last podcast #257 @David Greene will tell you everything you need to know about out of state investing.