What paper docs to keep? Title, insurance policy, loan paperwork?

[Harman N.]

Hi all,

Is there any need to keep any paper documents related to investment properties? I have a drawer over-stuffed with purchase and finance paperwork and insurance information, but I'm wondering if any of it actually necessary to keep on hand. I assume that for:

• Title/deed to the property which the title company mails after closing -- the county maintains the official record, and I assume this is a just a photocopy anyway
• Insurance policy -- you can always go online and get this
• Loan and purchase paperwork -- as long as you have a record of your closing disclosure, all the other forms you sign for buying/financing are mostly filler

Curious to hear what others do with all these dead trees. I'd love to be able to just shred it all.

- Harman