Welcome to the step by step process we have personally used to build our real estate portfolio
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3 Simple Steps to Finding a Lender
1) Personal Financial Statement
Create a list of all your assets! Everything!
2) Download This PDF for more details about a PFS
3) Link to Excel Template We Use For Personal Financial Statement
4) Identify Potential Banks/Network
We find success using banks just outside of our market. Think community banks, or mid size local banks. Ask other investors in your market who they have used. The goal is to find a balance between good financing terms, relationship style. banking and ease of closing.
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5) Build Your Financial Resume
Banks want to know your going to succeed using their money, so build the story. If you are a realtor with a high track record of quick sales and you are buying a flip, explain this to the bank in a detailed organized manner.