I only went there originally because the military ordered me to.

In my experience, there are plenty of small banks/credit unions that are cool with student rentals as long as they're all on one lease.

Hi everyone,I'm considering purchasing a single family home property in Union City, NJ, and would appreciate your insights on a plan I'm thinking about.

Utilizing their favorable financing relationships to then secure a ~$1M loan from a local credit union.

• Purchased directly from a mom-and-pop operator off-market• Secured $1M credit union loan and raised $500K equity to close• Existing owner had inflated expenses and below market rents• In-place rents approximately 30% under market at purchase• Expense ratio at least 10% above the norm How did you find this deal and how did you negotiate it?

If you are destined for a military retirement, then perhaps this isn't a big deal. 

I cannot speak for Nampa, but I am origianlly from Huntsville and work with investors in the area who focus on mid/long term rentals targeted towards military families.

If you have trouble finding a lender, look to local community banks and credit unions.

I have researched some of the banks the threads recommend; BECU, Sound Credit Union, FirstTech, and a couple of other bigger ones but would like to see what a local bank would offer.

I’ve checked into my Credit Union and Primary bank.