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

The Real Estate RobinsonsAug 9, 20220m 44s90.7K viewsScore 65
Pricing & Profitability
intermediate
real estate investing
loan applications
financing strategies
property rehab
investor loans
M

Summary

AI-generated

Learn how to approach banks for real estate investment loans by focusing on the property's potential rather than just stating loan requirements. This strategy opens up more financing options by presenting a clear vision of the investment's value after improvements.

Key insights

  • Focusing on the 'what you want to do' (e.g., buy, rehab, and profit from a property) rather than 'what you want' (e.g., a specific loan product) can broaden the bank's perspective on available solutions.

Mistakes to avoid

  • Focusing solely on the desired loan product without explaining the underlying investment strategy can cause banks to offer standard, potentially less optimal, financing solutions.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial