Build Your PFS Right: What Lenders Look For

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.” Tell me what you liked about today’s video by leaving a comment or question. I read them all! A big thank you to my subscribers. FREEBIES Personal Financial Statement Template used in this video: https://moneymegan.com/personal-finan... Sign up for the Money Megan Newsletter: https://moneymegan.com/ SOCIAL LINKS Instagram:  / megan_great_houses 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