What to tell a bank when you’re trying to get a loan (to buy Real Estate!)

90.7K viewsPublished: August 9, 20220m 44sScore: 80
Getting Started
beginner
Investors

Summary

When trying to obtain a loan from a bank for a property, it's important to tell them what you want to do with the property and not necessarily what you want from them. Explain the scenario and what it would take to rehab, giving banks a better perspective on your specific situation and options.

Related Videos

More from Getting Started

Airbnb adds $750 incentive for new hosts during World Cup - WSB-TV

Airbnb is incentivizing new hosts with a $750 bonus during the World Cup. This move aims to boost supply and meet the anticipated surge in demand during the event. New hosts should seize the opportunity to capitalize on the increased travel influx by listing their properties.

about 17 hours ago85
The early signals hotels are missing in vacation rental demand - Hotel Dive

This article from Hotel Dive suggests that hotels may be missing early signals in vacation rental demand. While the specific details are missing, the article implies a shifting landscape in travel accommodations, potentially highlighting the need for hotels to adapt and the opportunities for short-term rental hosts to capitalize on. This could be relevant for hosts looking to understand the broader market.

about 24 hours ago75
News article thumbnail
Skift Travel Health Index Flatlines

Global travel momentum stalled in February 2026, with the Skift Travel Health Index flatlining. The industry, initially expecting 5% growth, now faces challenges as conflict reshapes travel patterns. Hosts should monitor regional shifts and anticipate potential impacts on demand for their properties.

about 24 hours ago75

Curated by Learn STR by GoStudioM