Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
BRRRR Refi Banking Presentation: What Numbers & Info?
I'm meeting with 5 local banks next week to pursue a cash-out refi on our first local BRRRR. I'm putting together a little packet on our current portfolio (4 out-of-state turnkey SFR and now this 1 local BRRRR), current financial standing, etc., like what's been mentioned several times on the BP podcast. For SFRs, what numbers do banks care about or want to see? (i.e. acquisition cost, current value, rental income, expenses, ROI, CoC)? And then from what time period would they want those numbers for? Since I bought the house, current year-to-date, or last complete calendar year?
Any help is greatly appreciated. Thanks!