Hello everyone,
I am looking to start approaching banks that do portfolio lending to refinance out of a few rehab and rents. I have purchased these properties using hard money lenders and have owned one of the properties for 5 months and the other for 4 months. One is fully rehabbed and rented out since May and the other will be finished the end of the month. I plan on putting together a booklet that describes my business, my approach to investing along with the property details. I plan to set the booklet up as follows:
- Cover page
- Cover letter
- Personal credit report
- Personal references (other investors who referred me to these banks whom I have known for a few years)
- Property details including the numbers, before and after pictures and the signed leases
Is there anything else that is of importance that I should add to this? I currently own two other mortgaged properties... should I show these as well? I have two additional properties that I plan to rehab, rent and refinance closing at the end of the month.... should I bring these ones up too to show that I plan on bringing more business their way?
Thanks for the help!
Mike
