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Updated about 6 years ago on . Most recent reply

Jason McQuater's profile image
Jason McQuater's profile image
Jason McQuater
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Sep 4, 2018
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Jason McQuater's profile image
Jason McQuater's profile image
Jason McQuater
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Sep 4, 2018
Connect
Jason McQuater
  • Rental Property Investor
  • Cleveland, OH
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General Landlording & Rental Properties

Single family rental property

Jason McQuater
  • Rental Property Investor
  • Cleveland, OH
Posted

I purchased a single family rental property with cash a few years ago.  I am currently a remodeling it and need to get a loan to complete.  I’m currently filling out a rental property analysis to assist with getting my loan approved.  On the BiggerPockets Rental Property Calculator there is a section known as Loan Detail.  My question is:  how do I fill in this section if I already own the property and need money to finance renovations?  My goal is to be able prove to bank my deal is a good one.

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