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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Travis Richardson
  • Rental Property Investor
  • Cedar Rapids, IA
3
Votes |
20
Posts

Out-of-state land purchase

Travis Richardson
  • Rental Property Investor
  • Cedar Rapids, IA
Posted

My girlfriend and I are looking at buying land out-of-state within 1-2 weeks.  We are having trouble understanding what institution is ideal for getting a loan, securing pre-approval, etc.  

We were given a rate from one bank at 6.5%, and some other unfavorable terms (according to our local real estate agent friend and his connected lenders).

Does anyone know of the best way to get a loan for land that is out-of-state?  

I'd love to hook up with a lender someone trusts and likes, because we are literally looking to buy land with 1-2 weeks.

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