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Updated about 8 years ago,

User Stats

43
Posts
5
Votes
John Clark
  • Bentonville, AR
5
Votes |
43
Posts

Meeting a Banker, What are some good questions to ask?

John Clark
  • Bentonville, AR
Posted

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!

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