Uploaded September 2022 | Updated September 2026, 1 hour ago
If you are looking to do a cash out refinance, it can be hard choosing a lender. I believe you will find the best deals and experience when sticking with the local credit unions and regional banks. It is also important knowing what these institutions are going to do with your loan. Are they going to sell it? Well then their guidelines will be the same as other banks. Are they planning on keeping the loan in their portfolio? In this case the guidelines will vary for each bank. Lastly, you will need to decide, do I search until I find a bank with guidelines I prefer, or do I establish a relationship with a bank that I can then modify my business model around their requirements.
If this content was helpful, consider liking and sharing this video, as well as subscribing to this channel to see content like this posted daily!
Join me Fridays @ 8 a.m. EST for a Live Q&A!
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Click here for a free 7-day trial to PropStream: geni.us/PropStream
This is an affiliate link, and I thank you a ton for using it...it helps me feed my kids!
Want to join a group of like minded men to encourage you, hold you accountable, and help you reach your goals faster? Watch this video about the Seek Wisdom Mastermind group: youtu.be/oodwWb69HJk and fill out an application at seek-wisdom.com/join
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Timecodes
0:00 - Intro
0:29 - Two important distinctions about bank loans
1:46 - Two options for finding the right bank
2:40 - Closing
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About Ryan Ingram:
I believe the meaning of life is to become the best version of yourself for the benefit of all those around you.
Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom.
Unfortunately, on my salary in law enforcement, I couldn't make that happen.
I questioned my abilities as a provider, and for a brief time, even as a man.
I dedicated myself to read one book per day until I learned how to solve this problem.
5 years later, we have a few businesses and over 250 rental properties.
We made sacrifices along the way, but I learned the power of mentorship. I know the importance of finding someone willing to help and guide you, even if they are just a few steps ahead.
#realestate #realestateinvesting #bankloan
If you are looking to do a cash out refinance, it can be hard choosing a lender. I believe you will find the best deals and experience when sticking with the local credit unions and regional banks. It is also important knowing what these institutions are going to do with your loan. Are they going to sell it? Well then their guidelines will be the same as other banks. Are they planning on keeping the loan in their portfolio? In this case the guidelines will vary for each bank. Lastly, you will need to decide, do I search until I find a bank with guidelines I prefer, or do I establish a relationship with a bank that I can then modify my business model around their requirements.
If this content was helpful, consider liking and sharing this video, as well as subscribing to this channel to see content like this posted daily!
Join me Fridays @ 8 a.m. EST for a Live Q&A!
--------------------------------------------------------
Click here for a free 7-day trial to PropStream: geni.us/PropStream
This is an affiliate link, and I thank you a ton for using it...it helps me feed my kids!
Want to join a group of like minded men to encourage you, hold you accountable, and help you reach your goals faster? Watch this video about the Seek Wisdom Mastermind group: youtu.be/oodwWb69HJk and fill out an application at seek-wisdom.com/join
---------------------------------------------------------
Timecodes
0:00 - Intro
0:29 - Two important distinctions about bank loans
1:46 - Two options for finding the right bank
2:40 - Closing
---------------------------------------------------------
About Ryan Ingram:
I believe the meaning of life is to become the best version of yourself for the benefit of all those around you.
Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom.
Unfortunately, on my salary in law enforcement, I couldn't make that happen.
I questioned my abilities as a provider, and for a brief time, even as a man.
I dedicated myself to read one book per day until I learned how to solve this problem.
5 years later, we have a few businesses and over 250 rental properties.
We made sacrifices along the way, but I learned the power of mentorship. I know the importance of finding someone willing to help and guide you, even if they are just a few steps ahead.
#realestate #realestateinvesting #bankloan
