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Updated almost 6 years ago on . Most recent reply

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Roger Verastegui
  • Real Estate Agent
  • Raleigh, NC
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How to build great relationships with Lenders

Roger Verastegui
  • Real Estate Agent
  • Raleigh, NC
Posted

I am a Realtor in Charlotte, NC and I want to familiarize myself more with the financing aspect of residential transactions. What is the best way to approach a bank to gain this knowledge?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Originally posted by @Arlan Potter:

Financing for investing, construction, refi.  Banking relationships.

Banking relationships don't exist. Banking today is basically - "How long do you want to gravel and kiss the feet of a young punk sitting at a desk with nothing on it.   Trying to tell him that you know what you are doing because you have been doing it since before they were born.

Banks have their hands tied by the federal regulations.

 not exactly true.. but I get what your saying.. I will say you need to be a premier borrower to get money from banks for building and or real estate investing.. its just not a market most banks are interested in.. at least larger ones.. no money in it for them and big risk of those they lend to falling on their face.. 

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JLH Capital Partners

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