What to include in loan officer presentation

[Brandon G.]

I'm about to make a report to give to the loan officer about a property we're about to buy.  This is our first purchase so we don't have a track record, however I have stopped in and established a relationship with the loan officer.

I intend to include:

•  my wife and I's family budget
• our goals and reasons for investing
•  a breakdown of costs on the property (capex and opex) and show in an excel spreadsheet that it will cashflow (Rents-50%-mortgage = cashflow)
• list of maintenance and money spent on the property in the last several years
• report from a licensed inspector
• 6K in reserve emergency fund for repairs

• Existing lease agreement from current owner

Is there anything else I should include and would anyone have an example of what they have taken to a loan officer (with no real numbers, of course).  I want to establish credibility and professionalism right from the start, even if it is maybe overkill for just a duplex because hopefully it will make further purchases easier.

Thanks,

Brandon

[Zach Mitchell]

@Brandon G. This is a very late reply but I came across this post in a search of mine and wanted to provide some future reference for you and others. If you ended up presenting exactly what you stated, I'm sure it was more than enough for the loan officer to begin their underwriting. They will also want a personal financial statement, which they usually have a specific form for, and they will want two years of tax returns. I recently sent a financing request package on a multifamily building to a few lenders and included some basic information on the property, some pictures, my plans for renovations, general market information, and a pro forma/financial projections. This was for a 24 unit property though, not just a duplex. I'm sure what you provided was more than what they normally see. Hope you were able to get it!