Funding From A Bank

[Gary Bonds]

Any best practices when attempting to secure business funding from a bank, in the form of a loan or credit? When they ask the nature of my business, do I advise that I'm a real estate investor? Being that my business is brand new, do I project business profit when they ask for the annual business income?

[Chris Seveney]

Quote from @Gary Bonds:

Any best practices when attempting to secure business funding from a bank, in the form of a loan or credit? When they ask the nature of my business, do I advise that I'm a real estate investor? Being that my business is brand new, do I project business profit when they ask for the annual business income?

 Contrary to what companies may tell you that charge you $ to get "bank funding". Real estate investors do not get lines of credit from a bank. In order to get a line you would need 2 years of operations, and have an operating company - like a property manager or a construction company. Owning real estate is not considerd an operating company thus a bank will not lend or give a line of credit in that fashion.