12 steps to getting a bank to say "yes" to your real estate loan request!

12 Steps to Getting a Bank to Say “YES" To Financing Your Deal

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Hosted byBrandon Turnerco-host of the BiggerPockets Podcast!Real Estate Investor, Author, and Speaker

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What we’ll be covering today



Why Bank Financing



Why Bank FinancingThe Dirty Secret About Bank Financing



Why Bank FinancingThe Dirty Secret About Bank FinancingCracking the Code to Unlimited Funding(12 Steps)



Why Bank FinancingThe Dirty Secret About Bank FinancingCracking the Code to Unlimited Funding(12 Steps)Presenting a Deal to the Bank



Why Bank FinancingThe Dirty Secret About Bank FinancingCracking the Code to Unlimited Funding(12 Steps)Presenting a Deal to the BankTools to help you hear a “yes”



Why Bank FinancingThe Dirty Secret About Bank FinancingCracking the Code to Unlimited Funding(12 Steps)Presenting a Deal to the BankTools to help you hear a “yes”Question & Answer


About BiggerPockets


About Me

Brandon Turner


About Me

Brandon Turner

Real Estate Investor


About Me

Brandon Turner

Real Estate InvestorVP @ BP


About Me

Brandon Turner

Real Estate InvestorVP @ BPAuthor


About Me

Brandon Turner

Real Estate InvestorVP @ BPAuthor I can rap every word to “Ice Ice Baby.”


Former Banker.


Purchased for $74,500Rehabbed with $6,000

Rented for $1045 per monthCash flows $300 per month


Purchased for $550,000 with almost no money down!

Rehabbed with $60,000 using other people’s money

Produces around $3,000 per month in cash flowRecently appraised for $900,000


My mission: To help real estate investors take action and start building their own

dreams rather than spending their time building someone

else’s.


Who’s this webinar for?


Anyone who may need funding for deals through

banks, credit unions, private lenders, hard

money lenders, or other loan sources.


At the end of this webinar, you will never again need to wonder

how to get bank financing.


Why Does Bank Financing Matter?


Low interest rates


Low interest rates Long terms


What Can Bank Financing Do For You?


What would your life look like if financing was not an issue?


The two ways people invest in real estate:



- The Casual Method



- The Casual Method

- The Serious Method


You’ll never get bank financing being a casual investor.


How do you know if you are a serious investor

or a casual one?


Fill in the blank:

“Right now in life… I wish I could _______”


“Some people want it to happen, some wish it would happen, others make it happen.”

-Michael Jordan


Are you committed to taking action?


Are you committed to investing your time?


Are you committed to investing your creativity?


Are you committed to investing your abilities?


Are you committed to investing your money?


The Dirty Secret About Bank Financing


Cracking the Code to Unlimited Funding



1. Property Type


1. Property Type2. Property Location


1. Property Type2. Property Location3. Property Condition


1. Property Type2. Property Location3. Property Condition4. Loan Amount


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)



Front-End DTI



Front-End DTI Back-End DTI


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)7. Credit Score


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)7. Credit Score8. Repayment Source


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)7. Credit Score8. Repayment Source9. Experience


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)7. Credit Score8. Repayment Source9. Experience10. Cash Reserves


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)7. Credit Score8. Repayment Source9. Experience10. Cash Reserves11. Recent Credit Changes


1. Property Type2. Property Location3. Property Condition4. Loan Amount5. Debt to Income Ratio (DTI)6. Loan to Value (LTV)7. Credit Score8. Repayment Source9. Experience10. Cash Reserves11. Recent Credit Changes 12. Compensating Factors

If you crack the code… does that

mean they will say yes?

You still need to present the deal to

them correctly.

www.BiggerPockets.com/5cs

http://www.BiggerPockets.com/5cs

1.) Confidence



1.) Confidence2.) Clarity



1.) Confidence2.) Clarity3.) Concise



1.) Confidence2.) Clarity3.) Concise4.) Convenient



1.) Confidence2.) Clarity3.) Concise4.) Convenient5.) Creativity



Introducing: The BiggerPockets Property Analysis

Software.www.BiggerPockets.com/calc

I’m not sure why you showed up here

today.

Just getting started and stuck on taking the first step


Don’t have a lot of funds so you need financing to acquire your next deal.


Some experience and you can’t seem to get over some kind of hump or roadblock.

Don’t have a lot of funds so you need financing to acquire your next deal.

Now that you know the code… are you

going to use it?

Now that you know the code… are you

going to present the deal well?


- The Casual Method

- The Serious Method


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QUESTION AND ANSWER

I am not an attorney, accountant, or your mother. Please use common sense and know that this is just

entertainment and I am nothing but a circus clown here to entertain.

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