Preparing Financial package for Private Lenders and Banks?

[Will Foster]

Hello BPers!

When preparing my financial presentation to Private lenders and Banks, what do I need to present, and how should I present it?

[Andrew Postell]

@Will Foster there are some pretty standard items you will need to gather but each bank will have some additional items for you to gather too.  Especially private lenders.  They might have their own "financial statement" document they might want you to complete.  But here's the standard items just about everyone will want to see:

Items Needed List

• Copy of Driver’s License
• Past 60 days of paystubs
• Last 2 years W2s and/or 1099s for all jobs you worked
• Last 2 years of tax returns, All pages
• 2 most recent months of bank statements, All pages please

And then based on your personal history there could be other items such as

• Divorce Decree
• Social Security Award Letter or Social Security 1099R
• Mortgage Statement on all homes owned
• Insurance Declaration Page on all homes owned
• HOA Statement
• College Transcripts
• Survey
• Lease Agreements
• Addresses for all the properties you own
• DD214
• Name and Address of your Nearest living relative
• Name and Address of the Family Member who is gifting you funds
• Bankruptcy/Foreclosure/Short Sale discharge paperwork

Hope this helps!