You get your bank statements together or documentation of how much liquid cash you have.3.

Commercial mortgage requires less documentation, can close faster, and there are no limit to the number of mortgages that you can have.

Hi guys, So, I am a recent tenant that moved out of a Los Angeles, CA unit (2737 Francis Ave) owned by LBJ Realty Holdings, LLC and Hollywood Fountain, LLC and am curious if any tenants/ landlords here can explain this away: So, being a meticulous and obsessive neat freak, I had documented with photos and videos when I had moved in and out of the unit (all original condition, any damages, etc.).

I like to document things as I go.

All the while, you always have control and nobody else, not even your attorney, can manage or sell your property except for you.If you need to prove ownership for financing or any other reason, you simple produce your company documents as well as your banking and accounting records.

@Tracy Uscinski I am actually working on getting the pre-approval documents together and uploaded right now!

You must intend to occupy one of the units for at least 1 year.You have to have documentation for the future rental income and they will use up 75% of the income towards the calculation.

@Tim RobertsKeep the money, and keep all the documents of how much they own you.

The title rep ALWAYS provides a copy of the entire signed document package to the client, so if they never see it again, that is THEIR fault.

Neither document should mention the other, and no credit for rent should be used towards the down payment.With a land contract, wrap, or whatever you want to call what your friend is doing, it's all honeymoon until something goes sideways.