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Updated over 9 years ago on . Most recent reply

User Stats

35
Posts
12
Votes
Roc Pilon
  • Investor
  • Idaho
12
Votes |
35
Posts

What are the actual documents you MUST have when going to speak with a bank/lender?

Roc Pilon
  • Investor
  • Idaho
Posted

Hey guys!

If you have listened to bigger pockets 135 or heard Brandon/Josh talk about it you know what I mean when I ask what are those documents you MUST have when going to a bank/lender?

I would like to use my duplex as proof that I can use to expand my real estate business. My thought is that by getting someone to loan me funds to expand my real estate business I will need documents that can display my knowledge/competence. I am just wondering what would be some of the key documents to show a lender/bank? I assume:

  • Profit and Loss
  • Before and After Picture
  • Maybe a personal balance sheet?

What else should I have in order before going to speak with someone?

Thank you!

Most Popular Reply

User Stats

4,456
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4,295
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
Votes |
4,456
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

Call them and ask :)

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