Updated almost 4 years ago on .
Lending for down payment/ introduction
Hi everyone! Exited to be apart of BP I’m from riverbank Ca, and am looking into out of state investing.
In April of 2023 I’ll be renting out my primary property, but I’ll also have 10k saved up for my first official investment property
I’m planning on using a Heloc of 10/ 20/ or 30k in addition to a down payment.
My question is can I use a bank/ credit union for this? Or do they not do out of state investing. I’ve already talked with a few as of today and seems like they do not do loans for that. Thank you in advance and Again in the Modesto,stockton, riverbank, Tracy area