How to find a local bank

[Christian Drake]

Hello!

I am a new investor in 757 area code of Virginia. I'm developing my plan and I'd like to get some thoughts on how to look for a good local bank? What are some of the questions I should ask? How useful can using just one bank be? I want to use good relationships in my investing. I want to have a honest relationship with a financial institution.

[Shiloh Lundahl]

@Christian Drake You can do the things suggested so far or you can skip those steps that may take days and just take an investor or two in your area out to lunch and ask what banks he or she uses to finance their rental properties.  I spent days trying to find local banks and I had to speak with tons of people at the bank who knew nothing about investing trying to find a loan officer who was savvy working with investors. Then I just asked other investors how they got multiple loans for properties and they gave me their specific banker's name.  I wish I had done this at the beginning and saved myself some time.