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Updated over 8 years ago, 03/26/2016
For landlords, big bank or community bank?
Hello all,
I have recently purchased my first rental property and am trying to find the right bank. I'm wondering if it's better to choose one of the larger banks (Wells Fargo, Bank of America, PNC Bank, etc.) or a local community bank. I understand that there are benefits with using community banks such as the relative ease of getting financing. At the same time I am wondering, as a landlord who is hopping to grow his portfolio, if it is better to go with a big bank that has numerous locations near where my properties and tenants will be. What do you all think?