Comments on: Meeting with the Banks http://www.123flip.com/meeting-with-the-banks Education for the Serious House Flipper Fri, 10 Feb 2012 04:32:24 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Jason http://www.123flip.com/meeting-with-the-banks/comment-page-1#comment-4237 Jason Wed, 06 Oct 2010 08:14:30 +0000 http://www.123flip.com/meeting-with-the-banks#comment-4237 I really enjoyed this post. I am just getting in the rental business trying to buy my first duplex right now. I was worried about how to get a loan for the next duplex but I think I will try the local banks like you did, I have heard that they are more open to issue a loan than a major bank. I really enjoyed this post. I am just getting in the rental business trying to buy my first duplex right now. I was worried about how to get a loan for the next duplex but I think I will try the local banks like you did, I have heard that they are more open to issue a loan than a major bank.

]]> By: J Scott http://www.123flip.com/meeting-with-the-banks/comment-page-1#comment-3143 J Scott Tue, 09 Feb 2010 02:24:46 +0000 http://www.123flip.com/meeting-with-the-banks#comment-3143 Hi Ari, Unfortunately, SBA doesn't generally loan to companies that have real estate investing as their primary business activity. If you know a way around it, let me know... Hi Ari,

Unfortunately, SBA doesn’t generally loan to companies that have real estate investing as their primary business activity. If you know a way around it, let me know…

]]> By: Ari http://www.123flip.com/meeting-with-the-banks/comment-page-1#comment-3140 Ari Mon, 08 Feb 2010 02:59:53 +0000 http://www.123flip.com/meeting-with-the-banks#comment-3140 J Scott - just came across your site, really great work, both of you! For loans, have you tried SBA loan? It's mainly based on your credit score: www.strategiesforsmallbusiness.com J Scott – just came across your site, really great work, both of you!
For loans, have you tried SBA loan? It’s mainly based on your credit score:
http://www.strategiesforsmallbusiness.com

]]> By: J Scott http://www.123flip.com/meeting-with-the-banks/comment-page-1#comment-218 J Scott Wed, 30 Jul 2008 23:26:24 +0000 http://www.123flip.com/meeting-with-the-banks#comment-218 The business plan lays out a detailed path towards generating both net worth and cash flow over a five year period by buying undervalued properties, rehabbing them, maybe renting them out for a period of time, and then selling them. It's a very simple business model, actually. All the other financial institutions I spoke with didn't care about my business plan, just my financial situation. The business plan lays out a detailed path towards generating both net worth and cash flow over a five year period by buying undervalued properties, rehabbing them, maybe renting them out for a period of time, and then selling them. It’s a very simple business model, actually.

All the other financial institutions I spoke with didn’t care about my business plan, just my financial situation.

]]> By: DJ http://www.123flip.com/meeting-with-the-banks/comment-page-1#comment-217 DJ Wed, 30 Jul 2008 16:23:26 +0000 http://www.123flip.com/meeting-with-the-banks#comment-217 I enjoyed your experiences J Scott. But when they asked you about your business model, what exactly is it? I understand that when a business attempts to get a loan the business plan is the deciding factor. But for a RE investor, does the business plan/model outline your goals in the future? I'm a little confused. I enjoyed your experiences J Scott. But when they asked you about your business model, what exactly is it? I understand that when a business attempts to get a loan the business plan is the deciding factor. But for a RE investor, does the business plan/model outline your goals in the future? I’m a little confused.

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