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Updated almost 4 years ago, 03/16/2021
Lender Presentation PDF and Initial Deal Analysis
Hi,
I've been following BiggerPockets posts and listening to podcasts about real estate for a couple months now. While I'm building capital and trying to get my architecture licensure sorted out, I've been in the resource gathering and learning phase of my real estate journey. I'd like to get some feedback and possibly open up a discussion for new investors on how to initially analyze a deal and format a PDF that I'd send to lenders. I've used the free version of the 'House Flipping Evaluator' tool and built from it to compile my PDF, based off of a template I found from theirs and other websites.
I was curious if this looks like something a lender would take seriously or if there's any information that is pertinent for them to provide funding. I'm also curious if, at first glance, my numbers look correct. I know everyone here is insanely busy but I figured if there's a place to ask for feedback, it's here. This is based on a deal that I was actually looking at with a serious mindset. Based on the numbers, I would not have moved forward with this deal, especially since I work full-time and would need a GC to manage the project, adding additional cost. But I figure that's the beauty of this tool, it provides me with a critical mindset to be able to quickly say "Go" or "No-Go" to a real world example. Interestingly, the status of this house is now pending which was not the case when I started building out this tool, so I'm curious to see if my ARV and purchase price are near correct in the next few months but I wanted to get anyone else's take on it to see where I can improve. Best to practice before the real thing.
Thanks in advance for any feedback!
(The images are just there to provide a summary)