7 Steps Needed to Get Lenders to Fund Your Real Estate Deals

Need funding for your real estate deals? Join x-banker, real estate investor, and co-host of the BiggerPockets Podcast Brandon Turner as he shares the truth about getting a bank to say "YES." Don't miss this powerful, and free, live training! You'll learn:

- Why the bank says "NO"
- How to put together a perfect loan proposal
- The 7 Steps to getting a bank to say YES
- LIVE Q & A with Brandon - ask anything!

Published in: Real Estate

7 Steps Needed to Get Lenders to Fund Your Real Estate Deals from Joshua Dorkin

Transcript

1. The 7 Steps Needed to Get Lenders to Fund Your Real Estate Deals A Free Webinar from
2. What We’ll Be Talking About Today • Why the bank says "NO" • 7 Steps to hearing a “YES” • The 6 “C’s” of a Perfect Loan Proposal • BiggerPockets tools that can help • Bonus • Question and Answer
3. The 3 Rules of BiggerPockets Webinars
4. The 3 Rules of BiggerPockets Webinars 1. You must take action within 48 hours.
5. The 3 Rules of BiggerPockets Webinars 1. You must take action within 48 hours. 2. Pay close attention (close those tabs!)
6. The 3 Rules of BiggerPockets Webinars 1. You must take action within 48 hours. 2. Pay close attention (close those tabs!) 3. Interact!
7. About BiggerPockets “The Real Estate Investing Social Network, Marketplace, and Information Hub”
8. About Brandon Turner (ME!)
9. About Brandon Turner (ME!) • VP at BP
10. About Brandon Turner (ME!) • VP at BP • Real Estate Investor (43 units)
11. About Brandon Turner (ME!) • VP at BP • Real Estate Investor (43 units) • Author of “The Book on Investing  in Real Estate with No (and Low)  Money Down.”
12. About Brandon Turner (ME!) • VP at BP • Real Estate Investor (43 units) • Author of “The Book on Investing  in Real Estate with No (and Low)  Money Down.” • Worked as a personal banker in a major bank (one of the largest.)
13. How many deals would you buy if money was not an issue?
14. Why?
15. Special Gift: “7 Years to 7 Figure Wealth” By Brandon Turner www.BiggerPockets.com/7years
16. Why does the bank say “NO?”
17. You Haven’t Cracked The Banker’s Code.
18. The “not so secret” secret:
19. The “not so secret” secret: Bankers WANT to Lend Money!
20. The 7 Steps Needed to Get Lenders to Fund Your Real Estate Deals
21. #1 Do you have a deal?
22. Cash Flow?
23. Cash Flow? Loan to Value?
24. #2 Is this a property they will lend on?
25. Property Type
26. Property Type Property Location
27. Property Type Property Location Property Condition
28. Property Type Property Location Property Condition Loan Amount
29. #3 Are you a solid Bet?
30. Income / Repayment source
31. Income / Repayment source Debt to Income
32. Income / Repayment source Debt to Income Experience
33. Income / Repayment source Debt to Income Experience Credit Score
34. Income / Repayment source Debt to Income Experience Credit Score Recent Credit Changes
35. #4 Will the Bank Feel Secure?
36. Do you have Cash Reserves?
37. Do you have Cash Reserves? Collateral?
38. #5 How Professional Are You?
39. How do you talk?
40. How do you talk? How do you look?
41. How do you talk? How do you look? How do you communicate?
42. #6 If At First You Don’t Succeed…
43. Try Another Bank
44. Try Another Bank Try a Portfolio Lender
45. Try Another Bank Try a Portfolio Lender Ask for Referrals
46. Try Another Bank Try a Portfolio Lender Ask for Referrals Seller Financing
47. Try Another Bank Try a Portfolio Lender Ask for Referrals Seller Financing Partners
48. #7 Is your Loan Proposal Professional?
49. The 6 “C’s” of Loan of the Perfect Loan Presentation
50. The 6 “C’s” of Loan of the Perfect Loan Presentation Conﬁdence
51. The 6 “C’s” of Loan of the Perfect Loan Presentation Conﬁdence Clarity
52. The 6 “C’s” of Loan of the Perfect Loan Presentation Conﬁdence Clarity Concise
53. The 6 “C’s” of Loan of the Perfect Loan Presentation Conﬁdence Clarity Concise Convenience
54. The 6 “C’s” of Loan of the Perfect Loan Presentation Conﬁdence Clarity Concise Convenience Creativity
55. The 6 “C’s” of Loan of the Perfect Loan Presentation Conﬁdence Clarity Concise Convenience Creativity Complete
56. The BiggerPockets Property Analysis Calculators
57. PRO Tools on BiggerPockets
58. The BiggerPockets Property Analysis Software PRO Tools on BiggerPockets
59. The BiggerPockets Property Analysis Software BiggerPockets.com/meet PRO Tools on BiggerPockets
60. The BiggerPockets Property Analysis Software BiggerPockets.com/meet The BiggerPockets Marketplace PRO Tools on BiggerPockets
61. The BiggerPockets Property Analysis Software BiggerPockets.com/meet The BiggerPockets Marketplace Keyword Alerts (with SMS) PRO Tools on BiggerPockets
62. The BiggerPockets Property Analysis Software BiggerPockets.com/meet The BiggerPockets Marketplace Keyword Alerts (with SMS) Webinar Replays PRO Tools on BiggerPockets
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76. Questions?

The world

Wednesday, May 20, 2015

7 Steps Needed to Get Lenders to Fund Your Real Estate Deals

Transcript