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Updated about 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
James F.
  • Rental Property Investor
  • Twin Cities, MN
2
Votes |
8
Posts

Twin Cities banks or credit unions to build a relationship with?

James F.
  • Rental Property Investor
  • Twin Cities, MN
Posted

Hi, my name is James Faillettaz. It is almost time for my first business tax return. I have about 7 months of cashflow, and on December 15th I will have my 9th unit. So far, I have used a mixture of co-singers and investor loans or cashflow loan products to acquirer my first 4 MFR properties. These solutions were my best attempt at property acquisition, due to my lack of taxed income. Now that I am beginning to establish a cash-flowing portfolio with some longevity I am looking for new financial connections. My current financial needs include refinancing, Buy and Hold loan products, a revolver to be used for rehabbing properties/possible acquisition (sort of like hard money), and reliable business checking's and savings accounts. My primary goal is to find an investor friendly intuition that I can build a relationship with located in or around Twin Cities.

Would love to hear what the BP community has to say about this topic!

Thanks a bunch,

James

  • James F.

Most Popular Reply

User Stats

688
Posts
594
Votes
Amber Gonion
  • Real Estate Broker
  • Hugo, MN
594
Votes |
688
Posts
Amber Gonion
  • Real Estate Broker
  • Hugo, MN
Replied

@James Faillettaz if you are looking for portfolio loans we use Bridgewater, Sunrise, and Drake bank.

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