Talking with Local Banks...

[Brad P.]

My partners and I have our first two meetings with local banks tomorrow afternoon. The main topics will be establishing a business line of credit and/or construction loans.

We have one successful flip under our belts and have created a scalable business plan to do many properties per year. One meeting is with the bank who did the financing for our first property so we have an existing relationship. The second is a new contact. We have several additional new contact meetings next week.

What kinds of questions can we expect? We are bringing a copy of our business plan and will obviously talk about that.

Any tips for "selling ourselves" as that appears to be just as important as our plan?