55: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief

<p>Simply put – this podcast could change your financial life.</p><p>You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited&nbsp;to introduce you to&nbsp;Jimmy Moncrief&nbsp;(your new best friend!) on the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast&nbsp;</a>today.</p><p>Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal.</p><p>This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show.</p><p><a href="https://www.biggerpockets.com/bpp55-jimmy-moncrief-podcast-transcript-five-steps-needed-lender-approval" target="_blank">Read the transcript for episode 55 wth Jimmy Moncrief here</a>.</p><p>In This Show, We Cover:</p><ul><li>Turning your own home into a&nbsp;rental</li><li>Buying a&nbsp;cash flow crazy&nbsp;triplex</li><li>Jimmy’s&nbsp;“lucky”&nbsp;method of finding properties FSBO</li><li>How real estate investors do&nbsp;everything backwards</li><li>Jimmy’s awesome “Quick Tip” about&nbsp;interviewing a bank</li><li>An insider look at the&nbsp;Five “Cs”&nbsp;for getting a loan</li><li>Why Jimmy&nbsp;hates&nbsp;credit scores</li><li>How to&nbsp;turn around&nbsp;a loan denial</li><li>Getting&nbsp;commercial “HUD” loans</li><li>Tips for&nbsp;refinancing&nbsp;your investment properties</li><li>Using&nbsp;cross collateralization&nbsp;to secure financing</li><li>No money down… is it possible?</li