Getting Serious in Iowa

[Ron Cornwell]

Hi, I'm new to BiggerPockets.  

My first property purchase was a duplex that was seller financed when I was single back in 2003.  I converted to a conventional loan in 2008 and sold in 2009 when my full time job moved me to Atlanta. 

Currently, I have a primary residence, a piece of RAW land used for farming, a single family rental and I am under contract for my second SFR.

My market seems to be very small the more I look into it, but my goal is to have 4 SFR by the time I am 45, I.m currently 40. This may seem like a small goal, but in a small community, I think it will be challenging using conventional financing.

Thanks

Ron

[Dave Foster]

@Ron Cornwell, not sure your question but small markets and small towns mean small banks where your banker knows you and what the cut of your jib is.  I've found relationships with personal officers of smaller portfolio banks to be ever so much more flexible and productive than the large non-portfolio cookie cutter internationals and mortgage mills.

Join the Rotary or country club with your banker and grow the relationship.  It will reap dividends.