I was able to do a "refinance" on a property owned free-and-clear with a credit union despite the two borrowers on the loan together being on 5 mortgaged properties.  

I live 70 miles east of Atlanta in a little town called Union Point.

I could use your input on a propertyThe house is a 3/2 1367 SF Singe family in Union City, GAThe owner is asking 60,000 my ARV is 86,200The unit is in good condition and is currently rented for 750.00I checked Rent O Meter and there are three properties on the same streetrenting for 1000+I was thinking of a counter offer of 37,500 applying a 2% rule on thecurrent rentWith a max offer of 50,000 applying the 2% rule on potential rent based onthe rental compsMy question to the group would be is my logic sound on the counter?

It is a credit union that I have HELOC with.Plan to establish a portfolio lending relationship with a local institution within the next year.Looking for anyone who already found a portfolio lender near NYC.

I talked to the local credit union where I am a member.  

Union City can be tough bc the taxes are INSANE!

Does anyone have any experience with using credit unions for blanket loans?

My dads owns a company in union beach I'm sure I could help pm me

Regardless no way you pay that much unless you hire a union company like Allendorfer. 

To refinance after a rehab:Small, local banks and credit unions are usually the best place to find a portfolio lender.