There are properties I did not transfer though because I was afraid the lender (a credit union) would be a stickler and/or I could not afford to remedy the situation if they demanded payment in full.So, you just need to understand that while it is indeed common practice, and rarely has had negative consequences, it certainly could and you should be prepared to deal with that.

I work as a union electrician.

Remember - a local bank or credit union because regional and national players are going to be less interested.

In conjunction, start a relationship with a regional bank or credit union where they understand what your goals are.

Try a credit union.

Hi there BP Community,I am switching my business accounts from Wells Fargo and am searching for some smaller local banks/credit unions that would be real estate investor friendly.

There's a pretty active community of investors here on BiggerPockets in the Hudson County area, mostly focusing on Jersey City and Union City.

When I first moved to the US a few years ago, I approached Advancial Federal Credit Union to inquire about getting a mortgage to purchase my 1st residential property.

I would recommend Navy Federal Credit Union as a lender due to them being military friendly and knowing the VA home loan process.

One of my best friends is actually the head loan officer for a credit union in the area if anyone needs a great one.