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Updated about 8 years ago,
Meeting a Banker, What are some good questions to ask?
Monday I'm meeting with a banker who is investment friendly and an investor himself. I want to make sure I get as much out of this meeting as I can. Here is my plan for investing to help guide some questions.
- Planning on investing in long term rentals with BRRR method with my parents as a business partner
- We want to have two properties within our first year
- Looking for both myself and my parents to get HELOC loans and then refinance to a 30 year fixed. They own their house outright and I've paid a large chunk off my loan and have increased the value through remodeling
- Although I have a wholesaler contact I'm also considering direct mail as well to find properties.
- I work a full time corporate job as well as my Dad. My Mom runs their small business.
That's the important stuff I can think of that is relevant to get a loan, but if I left off anything just ask.
Thanks!