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Updated about 10 years ago on . Most recent reply
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How do we show Hard Money Lenders our track history?
We want the best rates on hard money just like everyone else.
From what I understand, you can negotiate for better terms if you have good credit, liquid assets & a proven track history of successful investing.
Our problem is that we never kept records of the fix/flips we've done in the past. How would we be able to show lenders our track history ( tax returns,etc) ? If we made some sort of portfolio or Power point would that suffice (Anyone can make up a fake PPT) ?
Thanks in advance...
Most Popular Reply
Make a list of your properties on a spreadsheet, with as much info as you can, purchase price, selling price, rehab cost, etc. If you are dysfunctional about documentation, ask an experienced office clerk, a friendly (!) Realtor or even a CPA to do this. Buying and selling property is a matter of public record and those records are out there somewhere and you really can't be that helpless and if you are, nobody will lend to you anyway.