I am close to having a $55,000 home out of state under contract, and I wanted to ask how does one find a bank lender for this amount especially with the purchase being out of state?
You could certainly try a small community bank in the area you are investing (would be helpful if you could tell them that is a target market for you and they can expect future investments as well. *If that is true of course*). You can also look online for portfolio lenders and seek out private funds from people close to you. $55k you could likely raise all the money with enough effort. Good luck with the deal!
@Xavier Wilson Wells Fargo finance as low as 25K. I just got approved for one from them. And my property would be out of state.
Thank you for providing feedback to my questions, I really appreciate it!