How to Get a Real Estate Loan - Five Tips For Getting Approved!

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  • Опубліковано 14 січ 2025

КОМЕНТАРІ • 93

  • @mrkrabs622
    @mrkrabs622 6 років тому +76

    Starts at 1:20

  • @DarkStrado
    @DarkStrado 4 роки тому +13

    1. Do you have a good deal?
    2. Is this a property the bank or lender will lend on?
    - Some do Single, Multi, Fixers, Live-ins,
    3. Are you a solid bet?
    - Any Experience?
    - Credit?
    - Income?
    - Might need a Financial backer. 50% of a good deal is still better than 100% of none of it
    4. Do you meet the requirements?
    - Ask them
    - Debt to income
    - Credit score
    - Loan value
    - Property location
    5. Are you professional?
    - Don’t smell like Doritos or drop mishandled paperwork to the lender

  • @Rbees88
    @Rbees88 6 років тому +41

    As a mortgage lender, I could not agree more with his point about being efficient and easy to work with. Borrowers who are quick and courteous always move to the front of my list. If I know I can get you loan approved in half the time of a difficult borrower, then you will most certainly be prioritized.

    • @Mr3kings3
      @Mr3kings3 6 років тому +3

      i need a commerecial loan for apartment building if you know of any in arizona.

    • @jacklondon8845
      @jacklondon8845 4 роки тому +1

      So charming borrowers succeed

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    • @markpodolsky8676
      @markpodolsky8676 2 роки тому

      @@Mr3kings3 drop you email for more details

  • @goddessday
    @goddessday 2 роки тому +1

    Currently doing Realtor course and found this video. love how it painted a picture in my head to where I can see myself working out the key requirements that need to be done.

  • @Tashadblessing
    @Tashadblessing Рік тому

    Thank You!!!❤❤❤

  • @PolishedPerfections4110
    @PolishedPerfections4110 Рік тому

    Good Stuff!!!

  • @bthchavezable
    @bthchavezable 5 років тому +29

    Ask yourself these questions
    1. Do you have a good deal?
    2. Is it a property that lender will lend on?
    3. Do you have experience?
    4. Do you meet the requirements?
    5. Are you professional?

    • @furahmoseka4942
      @furahmoseka4942 4 роки тому

      I am a private lender and I give out loans. I give out secured and unsecured loans. I give out loans at 6% interest rate and I do 100% financing. Email is : Xcaperesortloanagency@gmail.com

  • @boxingworkout-nc6gj
    @boxingworkout-nc6gj Рік тому

    A few years back I had health issues long story short my credit took a beating I almost died but I am back do you here at bigger pockets have any recommendations on how i can rebuild my credit rating ?

  • @meeganbarnes7240
    @meeganbarnes7240 2 роки тому

    Thank you, good advice that is quick, not 30 mins long

  • @dylangentry8614
    @dylangentry8614 2 роки тому

    Wow, thanks! Just getting started and I'm meeting with the bank tomorrow to try and purchase the home I've been renting for the past 2 years. Figured I would start where I already am..

  • @Acollins33
    @Acollins33 2 роки тому

    Man BP has come a long way with content creation lol great info love it

  • @neesyworldfr
    @neesyworldfr Рік тому

    Great video!

  • @shanepetty8728
    @shanepetty8728 2 роки тому

    I’ll check with the two banks that I bank with and neither one will give 30 year fixed rate on a duplex. Where are you getting 30 year fixed rate, traditional mortgage, or commercial property?

  • @NinjaManGroup
    @NinjaManGroup 3 роки тому +1

    do you have a deal?
    is this a property that the lender will lend on?
    are you a solid bet?
    do you meet the requirements?
    are you professional?

  • @jmflandscapinginc
    @jmflandscapinginc Рік тому

    Well done- thank you

  • @AlejandroReyes-qu2ju
    @AlejandroReyes-qu2ju Рік тому

    Can I find a lender that I can get a loan to buy a property in Mexico?
    Using a HELOC.

  • @stovetopyumyum6591
    @stovetopyumyum6591 4 роки тому +2

    Great tips Brandon thanks so much. Question would a mortgage broker be able to simplify the lender we need meaning to avoid us looking for tons of lenders? Thanks

    • @Tommylee1242ATGMAILDOTcom
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  • @jonathanlamb4373
    @jonathanlamb4373 3 роки тому

    Brandon have you ever used a ballon loan to get a investment property?

  • @therealKLON3
    @therealKLON3 3 роки тому

    It’s got some value!

  • @fearlesssoul7779
    @fearlesssoul7779 6 років тому +2

    Appreciated it bro

  • @jag4140
    @jag4140 5 років тому +1

    Do you recommend any particular lenders for a multi-family construction loan? I'm looking into forming a joint venture with a land owner, and financing construction costs with debt.

    • @airjordanatthis
      @airjordanatthis 5 років тому

      Ja G shutup

    • @jag4140
      @jag4140 5 років тому

      I live in an area with a lot of new development. That's why I'm asking.

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  • @JasonCWaite
    @JasonCWaite 6 років тому +1

    Good tips

  • @DouglasFelts
    @DouglasFelts 3 роки тому +1

    i aint gonna lie. i dealt with alot of lenders. They all crazy unrealistic questions.
    If your an investor and dealing with alot of proof of income and talking to alot of agents and lenders.
    Maybe u need to focus in a different category.
    Cuz once you get money in the banks whether thru 401ks or life insurance. cuz 100k is typical max fdic insured.
    Also lenders are the least disclosing you gotta know your stuff.
    Thats what my gut is.
    Go back to foreclosure properties and contract flips perhaps double closes.
    Always a good thing to test where u stand to see where u stand.
    But it takes build up to be realistic with you.
    If your the type of cat that aint even know what a reliable job is or a career.
    Your best off focusing on non lender agents fields and getti g stronger for stronger.
    Being able to try lender is escape from foreclosure and flip.
    But without your own version of proof of funds.
    You gotta pay more dues for more options.
    Something to think about.

  • @terraGaliciaXXIV
    @terraGaliciaXXIV 3 роки тому +1

    I’m interested in a home improvement loan from LightStream and have great credit. But I currently have a DTI ratio of 43%. Can I qualify for a 100k personal loan with zero credit issues and a score currently sitting at 815? I’d like to finance for 12 years which will put my future DTI ratio at about 56%. Please advise. Thank you

  • @zachary_smith1
    @zachary_smith1 3 роки тому +1

    I have 820 credit score. And I have about $20-30000 I could put as a down payment on my first rental property. However. I don’t have good debt to income ratio. Banks aren’t gonna wanna loan me when my current job barely covers my bills. What the hell am I supposed to do?

    • @glmorten
      @glmorten 3 роки тому

      Do you not have good debt to income ratio because of too much debt or lack of income? If its too much debt then the good news is you can work on paying off your debt. If its purely an income issue then thats very tricky as your only path forward would be to start looking for higher paying jobs.

    • @timothydzenan6041
      @timothydzenan6041 3 роки тому

      You can get a loan from the Bank, I got $750,000 with 3% interest rate in 3year pay back duration through the help of Mrs Doris .

    • @timothydzenan6041
      @timothydzenan6041 3 роки тому

      You can write her at Dorisloanagent@gmail,com

  • @SreysrosTakeo
    @SreysrosTakeo 4 роки тому

    How can I borrow most money for investment property ? Low income but I can make payment . Thank you .

    • @dominicwilliams3737
      @dominicwilliams3737 4 роки тому

      Getting approved for SBA seems quite difficult but I got my approved by Williams thought it took about two weeks to get it approved you can text him on +5409998138

    • @SreysrosTakeo
      @SreysrosTakeo 4 роки тому

      Dominic Williams hello 👋 may I ask what is SBA?

    • @SreysrosTakeo
      @SreysrosTakeo 4 роки тому

      Dominic Williams who is Williams?

    • @dominicwilliams3737
      @dominicwilliams3737 4 роки тому

      SBA is a small business grant which gives access to loans and enough time to payback

    • @dominicwilliams3737
      @dominicwilliams3737 4 роки тому

      socheata soem Williams is the loan manager you can get the loans through him

  • @immortaleyez6644
    @immortaleyez6644 5 років тому +1

    I’m a real estate agent can I get approved for a loan?

    • @immortaleyez6644
      @immortaleyez6644 5 років тому

      Under a 100,000

    • @ebk3604
      @ebk3604 4 роки тому

      No just because ur an agent doesn't mean you'll get approved for a real estate loan

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  • @marksabaduquia6880
    @marksabaduquia6880 5 років тому +2

    how to get the best deal out of a loan

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    • @danielwalterinteractivebro7565
      @danielwalterinteractivebro7565 4 роки тому

      I got a loan of 3500USD and payback interest is super low. Dm @hacker_ltd...Please don't forget to thank a fellow

  • @Thejasonrogers
    @Thejasonrogers 4 роки тому +4

    I feel like I was listening to your beard the whole time.

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  • @SkyHigh098
    @SkyHigh098 5 років тому +2

    I wanted to ask that how can a beginner with no capital for real estate investment borrow loan from bank if he/she has a good deal but no experience?

    • @Tommylee1242ATGMAILDOTcom
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    • @furahmoseka4942
      @furahmoseka4942 4 роки тому

      I am a private lender and I give out loans. I give out secured and unsecured loans. I give out loans at 6% interest rate and I do 100% financing. Email is : Xcaperesortloanagency@gmail.com

    • @morganmbartram
      @morganmbartram 4 роки тому

      @@furahmoseka4942 can you recommend anyone in the UK?

  • @jordansheppard6643
    @jordansheppard6643 4 роки тому +1

    Financing is nearly impossible. The house is worth 52k i got it for a total of 30k with rehab, great credit score have money stacked in my bank a steady job. No car par payments only debt is my mortgage on my duplex houses are all paid for. Im even struggling getting a refinance. It gets to the point where im about to just screw it get everything cash and i can at least say im self made. Only bad thing maybe is im 25 my payment history is excellent. Maybe private investor these banks all seem scared money.

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    • @furahmoseka4942
      @furahmoseka4942 4 роки тому

      I am a private lender and I give out loans. I give out secured and unsecured loans. I give out loans at 6% interest rate and I do 100% financing. Email is : Xcaperesortloanagency@gmail.com

  • @kamelfourati3920
    @kamelfourati3920 3 роки тому

    How to find a big loan for Whole ecologic City ?
    1/To buy a land property of bank in Portugal .
    2/To started the first work new versus of the architecture and building some bioclimatics villas clinic school campus small buildings with studios apparts and commercial center Aqualand cinemas business center museums galleries supermarket theatres fitness centers and other commodities.

    • @timothydzenan6041
      @timothydzenan6041 3 роки тому

      I was able to get a 3% interest rate loan of $750,000 for 3years pay back duration for my real estate business capital.
      All thanks to the loan agent Mrs Doris.

    • @timothydzenan6041
      @timothydzenan6041 3 роки тому +1

      You can get her for your loan at Dorisloanagent@gmail,com

  • @vtonyvicente102
    @vtonyvicente102 6 років тому +3

    !

  • @timothydzenan6041
    @timothydzenan6041 3 роки тому +1

    I got $750,000 loan with a 3% interest rate loan for 3years pay back duration for my real estate business capital.
    All thanks to the loan agent. Mrs Doris.

  • @Joy_nails
    @Joy_nails 2 роки тому

    👆👆👆 Good Net pay calculation tbh

  • @yurkouki
    @yurkouki 6 років тому +1

    Why do I hear the train on the background? Really disturbing since I live 3 houses over from train station.

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  • @morganmbartram
    @morganmbartram 4 роки тому

    Wish I could find a loan in the UK and use it to start my own little business of a few buy to let properties at auction. I'm unemployed with no capital, but good credit score and partner can help pay bills

  • @jbleezy-lx3fr
    @jbleezy-lx3fr 2 роки тому +1

    Said a whole lot of nothin

  • @mamarsebai1548
    @mamarsebai1548 4 роки тому

    Just wonderful, been searching for "real estate investing business plan beginners" for a while now, and I think this has helped. Have you ever come across - Ponasson Estate Earthman - (Have a quick look on google cant remember the place now ) ? Ive heard some awesome things about it and my work buddy got great success with it.

  • @markwegner6100
    @markwegner6100 6 років тому +1

    Too aggressive of a beard trim.

    • @esoterictrinitarian1990
      @esoterictrinitarian1990 6 років тому +1

      Mark Wegner lol not aggressive enough sarcasm.

    • @markwegner6100
      @markwegner6100 6 років тому

      David Lee Nope. I have a big beard. I just happen to think he should let it come in a bit more. Lenders will still lend to him. Trust me.

  • @HoodSkilz
    @HoodSkilz 5 років тому +4

    Finally a video worth looking at!! THANK YOU!!