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Updated about 8 years ago on . Most recent reply

Chris Trupiano's profile image
Chris Trupiano's profile image
Chris Trupiano
  • Investor
  • from Kansas City, MO
  • Member since Dec 30, 2015
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70
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Chris Trupiano's profile image
Chris Trupiano's profile image
Chris Trupiano
  • Investor
  • from Kansas City, MO
  • Member since Dec 30, 2015
Connect
Chris Trupiano
  • Investor
  • Kansas City, MO
22
Votes |
70
Posts
Private Lending & Conventional Mortgage Advice

Credit union or portfolio lender?

Chris Trupiano
  • Investor
  • Kansas City, MO
Posted

Hey BP,

I'm looking to get my second property and am looking to buy a 3/4-plex. I recently got some advice from one of my mentors to open an account with a credit union and establish relationships there for the financing on it. Would it be better to use a credit union or find a portfolio lender for the purchase? I'm looking for a value-add property in need of moderate repairs. Also I'm possibly looking for FHA/203k financing, is this possible with a credit union?

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