I needed to get a character reference for one loan, a reciept for the purchase of an engagement ring, for another to prove the couple was engaged, and income asset docs for a stated stated deal.

Will,The main reason for forming an LLC is to protect your own assets.

Certainly if the LLC has this in assets, it will meet the threshold.

(in this case I would have to say $5,000 or more in the bank) Also do you have any other assets that you can use to help leverage a better rate on the loan itself, you see the less likely it is for a lender to lose their money the better rate you will get.

Hi, for a newbie who just starting out, no job, no house, no asset, not much cash in pocket...

That is exactly the angle we use... very successfully I might add.It is very important to get their rents to market rate, but IMHO it is more important to get them on a good lease that protects you and your asset.

Current Buyer is a 720 fico and 4-5m in liquid assets.

(Im pretty sure I'm the first offer)The asset manager called me, because I requested a follow up from there CS Center, and he said that he is going to counter at probably $40k, I told him that I put my best foot forward and with the condition of the property and me offering no contingencies, I'm definitely leaning your way.

Income that is deemed earned, is taxed at a higher rate than that of a so called long-term capital asset (held for more than 12 months).

these asset managers should be the most talked about and well known names in our biz right now.