It is a good idea to be prepared for your own benefit and your lender. If you want your financial situation to get better, you need to know your starting point. Get organized with your finances, know where your money is going, and stay on top of your bookkeeping. Also, keep in mind that establishing a relationship early with lenders is a good idea so that when a deal comes along, you will be able to get financing.

Lenders typically look at investment properties favourably when there is a cash flow and good marketability factors. They may ask for your marketing plan and overall game plan with the property to ensure it is a success.

On top of this, the general documents a lender will require you to have include: