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Updated almost 7 years ago on . Most recent reply

User Stats

9
Posts
5
Votes
Michael Onuigbo
  • Investor
  • Tampa/ St Pete, FL
5
Votes |
9
Posts

Buy hold investor friendly local bank/ credit unions?

Michael Onuigbo
  • Investor
  • Tampa/ St Pete, FL
Posted
I have a couple rentals in the St. Pete and Tampa areas and I’m seeking some recommendations on a local bank or credit union I could start building a relationship with. I have a deal right now I need to refinance and already have lending approved with quicken loans, but I think it’s a good idea to build a local relationship now. (Lines of credit, checking accounts etc) Any recommendations on banks that offer good checking products and service for investors would be greatly appreciated!
  • Michael Onuigbo
  • Most Popular Reply

    User Stats

    76
    Posts
    66
    Votes
    Jason Brown
    • Flipper/Rehabber
    • Tampa, FL
    66
    Votes |
    76
    Posts
    Jason Brown
    • Flipper/Rehabber
    • Tampa, FL
    Replied

    I use First Citrus Bank. They are a small community bank with 5 branches. They focus primarily on businesses and do real estate loans, unsecured lines of credit, will allow you to ACH tenants, etc. I've done $200k wires with only minutes notice without ever having to set foot in the bank. The teller picks up the phone calls and the senior VP and other similar titles work in the same building. 

    I have high expectations and they exceed them. It's a fantastic bank. 

    Call the Oakfield location, speak with Sandra, and tell her I sent you. 

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