Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

Originally posted by @Ryan Johnstone:David Fisher, you mentioned receiving a statement but did they do a distribution as well? 

We saved Settlement Statements from every closing and one of our former partners owned a national title company, so we had enough closing cost data to build a models for each state on the buy and sell side of the note buys.

Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expenses, but also includes a section for Interest/Principal, and another section for CapEx. 

I want to do a bank statement loan(I’m an independent contractor)with just me on the new loan in Texas .

It will get adjusted on the next billing statement as a credit against your balance once you turn it on in your name (You still have to pay around $14-20 per month for sewer whether utilities are on or not).

Classic usage of accounting language without the scrutiny of audited financial statements--not to mention 9 points of discrepency in a "historical" number.Here is the link to the report and addendums sent in 2024 to law enforcement.  

(Or check your mid-June statement, it will have interest, insurance and property tax paid to date.

So, we bought the property 2 years ago, based on the valuation of the property considering income from 6 units.The sale deeds (from 2018- 3 sales) I could get from the City and the property tax statements (2023,2024) show that the property is zoned as 411 (apartments).

There are still some docs required (ID, bank statements, copies of leases, copy of insurance, etc.), but it's WAY less document intensive than a conventional loan.