Commitment to Real Estate
A thirsty Crow found a Pitcher with some water in it, but so little was there that, try as she might, she could not reach it with her beak, and it seemed as though she would die of thirst within sight of the remedy.
The Process
FIX & FLIP LOAN PROCESS AND TIMELINE
(Entire Process 2 - 3 Weeks)
(Entire Process 2 - 3 Weeks)
FIX & FLIP LOAN PROCESS AND TIMELINE
(ENTER Process 2 - 3 Weeks)
SUBMIT DEAL FORM (Time Frame 1 - 2 Days)
Filled out deal form
APPRAISAL & TITLE ORDERED (Time Frame 6 - 9 Days)
Rehab budget
Payment for appraisal
Attorney / Title agent contact info
Purchase and sale agreement with applicable addendums
Borrower authorization for background / credit check
APPRAISAL REVIEW & UNDERWRITING (Time Frame 2 - 3 Days)
Property insurance invoice / binder
Real estate experience portfolio
Photo ID
2 months of bank statements
Completed ACH form and voided check
Articles of organization
Operating agreement
EIN
CLOSING SCHEDULED (Time Frame 1 - 2 Days)
Signed commitment letter
Dependent on all above sections being completed
SUBMIT DEAL FORM (Time Frame 1 - 2 Days)
- Filled out deal form
APPRAISAL & TITLE ORDERED (Time Frame 6 - 9 Days)
- Rehab budget
- Payment for appraisal
- Attorney / Title agent contact info
- Purchase and sale agreement with applicable addendums
- Borrower authorization for background / credit check
APPRAISAL REVIEW & UNDERWRITING (Time Frame 2 - 3 Days)
- Property insurance invoice / binder
- Real estate experience portfolio
- Photo ID
- 2 months of bank statements
- Completed ACH form and voided check
- Articles of organization
- Operating agreement
- EIN
CLOSING SCHEDULED (Time Frame 1 - 2 Days)
- Signed commitment letter
- Dependent on all above sections being completed
The Process
FIX & FLIP LOAN PROCESS AND TIMELINE
(ENTER Process 2 - 3 Weeks)
SUBMIT DEAL FORM (Time Frame 1 - 2 Days)
-Filled out deal form
APPRAISAL & TITLE ORDERED (Time Frame 6 - 9 Days)
-Rehab budget
-Payment for appraisal
-Attorney / Title agent contact info
-Purchase and sale agreement with applicable addendums
-Borrower authorization for background / credit check
APPRAISAL REVIEW & UNDERWRITING (Time Frame 2 - 3 Days)
-Property insurance invoice / binder
-Real estate experience portfolio
-Photo ID
-2 months of bank statements
-Completed ACH form and voided check
-Articles of organization
-Operating agreement
-EIN
CLOSING SCHEDULED (Time Frame 1 - 2 Days)
-Signed commitment letter
-Dependent on all above sections being completed