Yesterday’s Meeting With The Banker
May 9th, 2006 by Grant in: Banking
I had a meeting with my small town banker friend yesterday to discuss some future investment avenues.
He has a lot of experience in oil and gas investments and operations, and suggested that oil and gas has more upside than real estate, at least in the short term. Of course, he is a bit biased, as he has extensive experience in the oil and gas business, and very limited experience in real estate.
However he did say he would be willing to write loans for real estate ventures, as their bank does it all the time.
I also asked if he would be willing to write a loan into an entity, such as an LLC, with a personal guarantee from me on the loan, and he brushed it off like it was no problem.
He did mention that if I am interested in oil and gas acquisitions that I should not tie up all my borrowing capability in real estate.
It was an interesting discussion, and I walked away feeling good about the relationship with my banker, and felt that either way, they’d be helpful in financing my investments, no matter which road I go down.
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