It's painful to have to verify if a comp is really legit and wasn't some owner financed sale or weird family to family transaction.

I tell them that after I verify their employment and income I will run their credit and they will have to pay the credit check fee online.

The tenant has to verify their identity to pull credit, you cannot just get their approval on your application.

Has anyone else had success without verifiable income?

The credit partner needs some verifiable liquid or semi-liquid assets for reserves.Although these are not needed for the deal to close, they are reviewed for verification use only (bank deposits, stocks, bonds, mutual funds, retirement accounts, cash value of insurance or other).The credit partners, if classified as “seasoned investors” can often participate in up to ten or more transactions per year.

I am in the process of verifying income.I would like to purchase this property as a corpporation and am curious as to what is the lowest down payment I would be allowed to do?

Gathering and verifying all the needed documentation, coordinating additions to insurance, changeovers of utilities or service contracts,etc. and even getting all of the owner's basic info is sometimes a real pain!

This year they changed the standard contract to state the buyer is responsible to verify sq. footage.

Jump onto that deal if you can verify the numbers.

Is there any way for us to verify this stuff?