Having J Scott's flipping book will be a great resource as you work on crossing the flipping house item off your bucket list.When you get the chance, add a profile picture to help better establish connections.

Source documents are underlying documents that show the origination of a transaction, your gas pump receipt is a source document in showing you fuel expenses, a shipping invoice will show when an item was shipped and perhaps received, a parking ticket could show that at a certain time your vehicle was at some location, they are documents that can justify a claim being made.The closing agent can clearly show that there were no contractual obligations or other agreements made that would be applicable to that transaction.It depends on your settlement instructions, is there some disclosure or declaration made that no other property other than real property is involved, anything as to no other credits, allowances or other financial arrangements have been made or are expected to be after settlement?

The banks like to have an approved and accredited contractor (they may nominate one unless you have one in mind), who will itemize all expenses, that the bank approves and cuts checks for individually.

All the other fees are pre-paid items and they will be pretty much the same with everyone (title fees, escrow, daily interest).When shopping lenders, try to get quotes the same date, because interest rates change often and can jump significantly from one day to another.

Nevertheless, in response to commenters' requests, the final rule provides a non-exclusive list of methods that issuers may use to satisfy the verification requirement for individual investors.The methods described in the final rule include the following:Reviewing copies of any IRS form that reports the income of the purchaser and obtaining a written representation that the purchaser will likely continue to earn the necessary income in the current year.Receiving a written confirmation from a registered broker-dealer, SEC-registered investment adviser, licensed attorney, or certified public accountant that such entity or person has taken reasonable steps to verify the purchaser's accredited statusThe underlined/bolded item above leads me to believe that this guidance is only for reference and one can do their own, independent process provided it is reasonable.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Also regarding your question, you may want to ask it in the forums, there are tons of people willing to help.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.

The best advice I have for you is to be sure to set up some Keyword Alerts for some of the topics you are knowledgeable about, or other topics that interest you (like wholesaling, Houston, Rehab, etc ) so you'll be notified that those words were mentioned in the forums and can jump into those conversations!

Be sure to set up some Keyword Alerts for some of the topics you are knowledgeable about, or other topics that interest you (like wholesale, Virginia, Rehab, etc ) so you'll be notified that those words were mentioned in the forums and can jump into those conversations!

And be sure to set up some Keyword Alerts for some of the topics you are knowledgeable about, or other topics that interest you (like wholesale, Maryland, DC, Rehab, etc ) so you'll be notified that those words were mentioned in the forums and can jump into those conversations!