Scripts to use with your finance brokers. When you need to talk to your finance broker or lender about your real estate investing , here is an actual script of mine you may want to look over to familiarise your self with some of the type of questions you will be asked. Thanks for following up with me today!! As discussed given the size of your portfolio it would be beneficial for me to be able to do some research on lending options prior to our meeting. This would obviously maximise our time together. Could you please outline the following to me for each real estate investing property: Address of property Value of property Debt on property Lender name Interest rate Monthly repayment Current rental income I will also need to know the following: Marital status Dependents Employment for self (and spouse if applicable) - PAYE or self employed If PAYE your income If self employed how long for and net taxable income on tax returns for 2003-2004 and 2004-2005 Credit cards (limit if applicable) Details of car lease or personal loans if applicable Credit rating (clear or blemishes) As mentioned I can then run some figures on your borrowing capacity with all the lenders we deal with (which is approx 30). It will also allow me to look at your current structuring to see if you are maximising your ability to borrow. I look forward to hearing from you. Kind regards, Karla XYZZZ As you can see the detail you need to know is huge. It pays to keep a file of all your different transactions and documents in a safe and easy place to locate. This will save a lot of time and frustration later. And also make the Real Estate investing more enjoyable as it should be. To your investing success Leo Love www.therealestateinvester.com If any of your family or friends is interested please pass this on to them. |
