The ability to travel and work from the road is one of my favorite things about this business, but it's not always easy or smooth. It’s been a crazy week. Would you believe it if I told you I’ve had 5 different coaching calls in 5 different states in the last 7 days? It’s amazing. Today I’m in my RV in Michigan to talk about some crazy situations with the bank as we purchased our lake house and give you some advice I learned along the way.
So we were getting ready to close on our Michigan lake house when we ran into funding issues. I really thought I was prepared for any problems that might arise, but I did run into issues. Through this story, I’ve got advice for you that can help you avoid what happened to me.
Use a local bank. If your normal bank is located where you are buying your property, I highly recommend going through a local bank. They are smaller and can get things done quicker. As opposed to major companies like Chase or Wells Fargo, they’re great banks but they have so many clients things can move really slow.
Build Relationships. Being a people person and creating relationships with the people you’re working with goes a really long way. When you’re friendly and initiate that relationship, they are more inclined to go above and beyond to help you with anything.
Finally, be persistent. If you get a no, remember it's a no for that person only. There is almost always a way around. Be persistent, keep trying, keep calling. Stay on the phone until you get that person who can give you a yes.
I hope you found these tips and this story useful. I hope to hear from you on any platform about what you’re taking away from this show soon!
What’s Inside:
- The benefits of utilizing virtual business.
- On the road as a real estate investor.
- How I worked past funding issues on our Michigan lake house.
- Big tips for real estate investors.

