Updated almost 9 years ago on . Most recent reply
Business Plan To Get Financing
We are about to purchase our first BRRRR property and we are extremely excited! We have the private funding lined up and spoke to a bank who has financed others we know after a few months of owning it to do the refinance. The lender sent me a list of things he will need to determine if he will give us the financing for the refi. One of this items he needs is a brief business plan/synoposis of what we are looking to do.
Our big goal is to BRRRR enough properties to replace our household monthly income and do it full time. From a lenders perspective, what type of business plan are they looking for or what things should I write up for him that will be appealing to the bank to relay this goal in a bank friendly way?