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Signed Term Sheet
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Commitment Fee Payment – Our commitment fee varies from deal to deal but is typically around $1,400. This includes the attorney fees and appraisal fees.
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Borrower Information- Full Name, Address, Birthdate, SSN (of all LLC members), Purchase and Sale Agreement
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W-9 for Purchasing LLC
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Employer Identification Number (EIN) for Purchasing LLC
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Articles of Organization for Purchasing LLC
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Hazard/Liability Insurance Certificate – This is required for all our deals. If the property is undergoing renovation, then there needs to be a builder’s policy in place.
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Bank Account Information
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Access for our inspector to take pictures of the interior and exterior of the property
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Two of your most recent Tax Returns (i.e. 2015, 2016)
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