Signed Term Sheet
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.
Borrower Information- Full Name, Address, Birthdate, SSN (of all LLC members), Purchase and Sale Agreement
W-9 for Purchasing LLC
Employer Identification Number (EIN) for Purchasing LLC
Articles of Organization for Purchasing LLC
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.
Bank Account Information
Access for our inspector to take pictures of the interior and exterior of the property
Two of your most recent Tax Returns (i.e. 2015, 2016)
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