Business Plan To Get Financing

[Corey Reyment]

We are about to purchase our first BRRRR property and we are extremely excited! We have the private funding lined up and spoke to a bank who has financed others we know after a few months of owning it to do the refinance. The lender sent me a list of things he will need to determine if he will give us the financing for the refi. One of this items he needs is a brief business plan/synoposis of what we are looking to do.

Our big goal is to BRRRR enough properties to replace our household monthly income and do it full time. From a lenders perspective, what type of business plan are they looking for or what things should I write up for him that will be appealing to the bank to relay this goal in a bank friendly way?