Real Estate Investor Friendly Credit Unions
3 Replies
Matthew Kresky
Rental Property Investor from Laguna Niguel, CA
posted 20 days ago
Does anyone have any local credit union recommendations? Preferably banks that have real estate investor friendly loan products?
I am an out of state investor with an established in state LLC and two short term rentals in the Fayetteville area. I am looking to purchase a few more and am trying to explore all avenues.
Thanks in advance!
Jiri B.
Rental Property Investor from Raleigh, NC
replied 20 days ago
I'm not even sure if they would let you join if you are out of state. My view of credit union is more of a local / community thing. I love working with them, they typically have some type of investment loans for new investors but they prefer to keep it simple. Eg. they might be fine doing 1 or maybe 2 properties for you, but once you have a portfolio or multiple investments, then I have been told, it's usually too complex for them to handle that. You might be better of looking for a commercial lender.
Matthew Kresky
Rental Property Investor from Laguna Niguel, CA
replied 20 days ago
@Jiri B. Completely understand the challenges of not being local and I have been taking to commercial and more national brokers. I am just trying to explore all options available to me by putting in some due diligence.
Justin Tahilramani
Rental Property Investor from Fayetteville, NC
replied 20 days ago
@Matthew Kresky - I might be able to help. I invest heavily in Fayetteville. I’m actually originally from Aliso Viejo.