Nov
23
I’m About To Meet With An Out Of State Realtor? Needed Info?
ByI want to go to austin and buy an investment property, what paper work should I show up with so I can be ready to buy?
I want to go to austin and buy an investment property, what paper work should I show up with so I can be ready to buy?
4th generation R.E. investor/prop mgr. Licenced realtor last 8 years. Listed Huds last 5 years
Joe Isam, JGIce LLC
5308 Woodrow
Austin, TX 78756
(512) 799-7774
(512) 343-6681
www.GaustinHomes.com
E-mail jgisam@gmail.com
3 Comments
November 23rd, 2009 at 7:46 am
If you are buying a residential property as an investment, you will need to bring a check book for your good faith deposit and a couple form of photo ID with your address.. If you are going to finance the property through the banks, your financial statements, tax returns and or some kind of proof of income such as pay stubs. Some kind of proof of legal US residence or citizenship does not hurt either. Also be prepare to wire transfer fund in the event you need to order inspections, surveys and appraisals.
If you are buying commercial property, you will need a good faith deposit. However, you usually will have 30 to 60 days due diligence period and your Realtor or attorney will advise you what you need depending on how you are going to take title.
November 23rd, 2009 at 2:20 pm
Your last three years income tax returns, proof of employment and several of your latest payroll checks. Financial statement would be helpful. Bring proof of any assets listed in the financial statements.
November 23rd, 2009 at 8:35 pm
You should be pre-approved for a loan, and have a letter or form to that effect. Pre-qualified is not pre-approved. Your realtor will have everything else.