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Updated over 6 years ago,
Lending Prep/Track Record Help
@Courtney Frickle has a post that I would like some answers about as well. Any guidance from lenders and experience investors in this area would be helpful. Here it is:
Courtney Fricke
Hi Y'all!
I'm creating a spread sheet today of all my past deals for future reference when dealing with bank and private lenders. A track record of sorts. Have this info so far.
-property location
-style (sfr, land, mfr, etc)
-purchase date
-purchase price
-debt service used
-%rate of debt service
-rehab costs if applies
-exit strategy
-disposition date
-disposition price
-gross profit
-ROI % or annualized % of return
Not sure how complex it should be. Goal is to use it with bank loans and private lenders. Any tips on what else should be added? Wanted to create a professional overview of my track record in REI without giving them a book on each deal.
Thanks!