Build a Personal Financial Statement for the Bank (How-To Real Estate Guide)

Описание: A Personal Financial Statement (PFS) is the investor’s balance sheet and your net worth tracker, and it's essential for real estate investors preparing loan packages for DSCR or commercial loans. In this step-by-step video, we break down what a PFS is, why lenders and partners care about it for bank underwriting, and how to fill it out to clearly show your financial picture.

You’ll learn how to organize background info and document assets and liabilities (cash on hand, retirement accounts, marketable securities, credit card balances), plus build a Real Estate Owned (REO) schedule with partner ownership % and current market value vs. balance due to calculate net worth. Whether you're financing your next deal or tracking your growth, this walkthrough will help you present your finances like a professional and stay “approval-ready.”

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TIME STAMPS
00:00:00:00 Introduction
00:00:23:00 What is a Personal Financial Statement
00:00:42:00 Why You Need One
00:02:06:00 How to Make a PFS
00:02:49:00 Background Information
00:04:24:25 Cash
00:05:11:00 Stocks and Bonds
00:05:38:50 Life Insurance
00:05:48:00 Real Estate Owned
00:08:15:08 Notes & Business Interest
00:08:36:21 Retirement Accounts
00:08:56:00 Personal Property & Auto
00:09:39:04 Accounts & Bills Payable
00:10:42:19 Notes Payable
00:11:16:50 Summary