Will a bank refinance ? Wichita, KS

[Aqeelah M.]

Hi, 

I will be investing in Real Estate in Wichita, KS and I want to know, if I use short term money (hard money, private money) how do I know for certain a bank will refinance the 70% LTV after 6 months to 1yr? I know I should have exit strategies just in case they don't, but what steps can I take to be confident they will refinance? Do I need W-2s etc. ?

Thanks!

[Jared Viernes]

@Aqeelah M. you should definitely read @David Greene’s book about investing in real estate long distance. On the financing section he goes over how to find a great lender and what to look for.  One piece of advice he gives is to develop the relationship before making the purchase so you know that your lender understands your plan.  You give yourself the best chance possible by clearly identifying your criteria, plan, and team you will use.  Greene’s book has a lot of actionable tips to implement and should help guide you.

Good luck! There is a big community of investors here in Wichita who love to help other investors, make friends.