Philadelphia, PA · Member since 2016 · 8 posts · 4 votes
Hello all. There has been a few topics on this previously but nothing recent. I am in the process of rehabbing my first investment property for rent in Philadelphia. I paid cash.
I am looking for investor friendly banks/unions in the Philadelphia area that I can develop an ongoing relationship with. After the rehab, I am looking to pull my money out based on the ARV as quickly as possible and do another deal. If anyone has advice, please let me know. As I build my investment business I would love an investor friendly bank I can develop an ongoing long term relationship with for all different kinds of financing.
Any additional advice would be greatly appreciated. Thanks !
@Joshua T. Most of the Credit Unions I have dealt with on a personal level, do not have business accounts/Loans. It may be best to try smaller banks (If you can find some that does their own mortgages in-house, that would be even better)