The Advantages of Working with LOCAL Banks for Your Investments
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The Advantages of Working with LOCAL Banks for Your Investments
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Local and national banks are different on so many levels, especially when providing funding for real estate investors. Deciding which banks to use for your deals will depend on many factors, so you have to make sure you know what it’s like to work with both so you know the right kind of bank to work with.
Watch now to better understand how local and national banks work for investors and why we choose to get our funding from smaller local banks!
Key Talking Points of the Episode
00:00 Introduction
03:51 What makes the requirements different between local and national banks?
06:01 What are the differences in requirements for local and national banks for investors?
07:38 Why is your personal financial statement important when funding for your deals?
09:01 What do banks look at when evaluating your deals?
11:33 What makes funding different between local and national banks?
12:20 How do local banks give easier access to lines of credit for your business?
14:35 What kind of relationships will you have with local and national banks?