IS IT POSSIBLE - Posted by LB

Real Estate Investing
1

Posted by LB on December 21, 2001 at 10:17:16:

Hey Scott,
Actually she’s purchased a prop already and has invited us to invest there because it’s so much cheaper. We’re thinking of doing both but didn’t know if the banks would allow us to purchase out of state. Thanks for your imput

LB
SO CAL

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IS IT POSSIBLE - Posted by LB

Posted by LB on December 20, 2001 at 11:31:09:

Hey Everyone,

Can you live in one state and invest in another if you’re using the banks money? I’ve been approved through a mortgage comp for approx. 250,000. I’d like to invest in my state, but I would also like to purchase something in the Midwest,where my niece is investing. IS IT POSSIBLE!!!

Thanks In Advance

LB

3

Re: IS IT POSSIBLE - Posted by Scott Ewing

Posted by Scott Ewing on December 20, 2001 at 16:43:17:

Sure, but is it necessary? Or sensible? Why isn’t your niece getting her own financing? Or is she going to manage yours for you? Scott