We will however have a commercial inspection done to verify the building condition.Vacancy rates are extremely low, and from what I gather from others (realtors, residents, and reading the town council minutes), the town does not welcome large commercial apartment complexes, so I'm reasonably confident there would not be a huge influx of apartments in the near future.Overall, considering this is a fourplex (4-2bdrm units), would this cash flow attract you?

Ben Kahle mentioned I would need 2+ yrs of tax returns, etc. to verify income.

They will request and verify whatever documentation they require from the PR in order to accept a deed from her and insure title.

Raising the contract price reduces the LTV but if the buyer didn't have the funds verified by the lender that could well be the reason for the POC amount.

All you can do with a business is check for liens, UCC filings, registrations, titles held to real or personal property and liens on them, court filings and notices, review business and contracts for continent liabilities, credit or accounts payables and verify debts, and other due diligence, but no, there is no title insurance.

You'll want to verify any preapprovals, that they required tax returns to submitted, not just W-2's.

Originally posted by Matt Devincenzo:@j scott is someone that has actually wholesaled a few deals to funds before so he can probably give you a hand on this one.But I think in past posts he gave advice similar to Mike D'Arrigo Definitely agree with everything Mike Arrigo said...In addition, I would verify that they are willing to buy properties that are being wholesaled.

(An emergency move, which I verified, caused by the Landlord.)I told them, One months rent, plus one months security, before I would give them the keys.

And verifying income can be challenging because they are getting financial aid or money from mom and dad rather than a job.

We made an exception here since all these things had been modernized, and the building showed no signs of structural compromise despite the severely damaged roof structure - as verified by several structural engineers.