What do private lenders and potential partners want to see?
I wasn’t sure if I should post this here or in the BP Marketplace.
I am planning on acquiring my first property, SFH or MultiFam, before June 2015. Ideally I would prefer to do this on my own. However, if I can't get a conventional or FHA loan I may need to find a private lender or partner. Before I can search for either though, I have to know what informant I need to gather ahead of time. Thus far I assume I will be need to get: an appraisal, asked for price, comps, known issues with property, exit strategy (my aim is buy & hold), and intended rehab if necessary.
What addition information would I need to acquire before going in search of alternative financing.