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

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

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

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