I am looking at purchasing out of state rental properties. I live in NY and want to invest in Georgia.
1- Can I use conventional lenders in my area? Or do I have to go to banks in the area I am investing?
2- Will I be able to secure conventional financing for a rental property?
@Eric Telese You can work with any bank or broker who is license to work in that state where you want to purchase the property. Yes, you can purchase rental property under conventional loan up to 4 units.