Learn
Get Started
Learn SMARTER Real Estate Investing
SMARTER Phases
Strategy Market Acquisition Rehab/Rent Tracking Exit Repeat
Resources & Media
Bootcamps Webinars Pro-Exclusive Videos Events Podcasts Books Blog Resource Hub Guides
Current Real Estate Market News - Spring 2023 Update!
What's happening in the housing market? Get the report and stay ahead of the curve.
Free Webinars
Real estate investors break down the basics, and share tips on how to get your next deal.
Tools
Calculators
Rental Property Fix And Flip BRRRR Wholesaling Mortgage Payment 70% Rule Airbnb Rent Estimator Rehab Estimator
Software & Services
Tenant Screening Property Management Lease Agreement Packages RentRedi
Find Deals
Real Estate Listings Find Foreclosures Off-Market Deal Finding
Pro Membership
Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence!
Build Your Team
Suggested Vendors
Find an Agent Find a Lender Hard Money Lenders
Vendors & Partners
Mortgage Lenders Insurance Contractors Tax Professionals
Search
Members Businesses Classifieds
Events & Meetups
BPCON2023 Local Meetups
Find an Agent
Quickly match with investor-friendly agents who can help you find, analyze, and close your next deal.
Find a Lender
Get the best funding for your strategy. Find and compare investor-friendly lenders.
Forums
For You
Newest Trending Unanswered My Discussions Followed Discussions Followed Categories Followed Locations
General Real Estate
General Real Estate Investing Starting Out Deal Analysis Buying & Selling Business & Marketing Landlording Property Management Reviews & Feedback
Real Estate Strategies
House Hacking BRRRR Short-Term Rentals Mid-Term Rentals Multi-Family Fix & Flip Other Strategies
Finance & Financing
Lending Creative Finance Personal Finance Taxes & Legal Issues
News & Announcements
Official Site Announcements Market Trends & Data Real Estate News & Current Events Pro Exclusive Area
Events & Networking
Events & Meetups Classifieds Off Topic
Blog
General Real Estate
Real Estate News & Trends Markets Financing Landlording Tips Personal Finance Taxes Opinion
Top Strategies
BRRRR Short-Term Rentals Multi-Family House Hacking Flipping
How to Rent Out Your House
A Step-By-Step Guide
Top 10 Real Estate Markets for Cash Flow in 2023
These are the housing markets that offer the most cash flow opportunities in the United States.
Store
All Books
Browse All Best Sellers New Books & Pre-Orders Bundle & Save Books for Beginners
No cash, no credit? No problem!
Whether you’re struggling to find cash-flowing deals, low interest loans, or the cash you need to close, Pace Morby's brilliant creative finance strategies will empower you to close more with less and supercharge your portfolio in 2023.
Analyze Deals Like a Professional Investor
Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis.
Followed Discussions Followed Categories Followed Locations
General Real Estate Investing
HomeForumsGeneral Real EstateGeneral Real Estate InvestingFrom NYC to out of state investing Help

User Stats

161
Posts
75
Votes
Ricardo S.
  • Flipper/Rehabber
  • Atlanta, GA
75
Votes |
161
Posts
General Real Estate Investing

From NYC to out of state investing Help

Ricardo S.
  • Flipper/Rehabber
  • Atlanta, GA
Posted Aug 9 2014, 19:51

I currently live in Brooklyn NYC and as we all know, the property prices here are ridiculous.

My question is if I wanted to finance a duplex or a 4plex out of state, do I have to go to that state to obtain a bank loan or can I use Chase bank in NYC to apply for a loan for a house in Philly. Is that legal?

I'm asking because I realize that I can probably qualify for a 100k loan if I make 35k a year and I can get my moneys worth if I buy a duplex out of state. Whereas in NYC a 100k loan can probably buy a 1 bm 400sq condo.

0 Votes
Follow
3 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:

Loading replies...