There are a few items that we’ll need from you in order to complete your Application. They include: 

• ARTICLES OF ORGANIZATION. This should show the stamp from the government body showing that the entity has been duly filed in the appropriate jurisdiction. 
• OPERATING AGREEMENT: You’ll either need to have your attorney prepare this or many people prepare it themselves. However you choose to do it, the operating agreement should indicate who is allowed to sign on the entity’s behalf. 
• EIN LETTER FROM IRS: Most entities usually have an employer ID number that they obtain from the IRS. Some entities, however, are simple and only have one owner. It is possible for one to use their social security number as the Tax ID number. Consult your tax advisor and your attorney regarding which you should use. 
• MEETING MINUTES: The underwriters are going to want to see that the decision makers of the company have authorized the transaction and who has been tapped by the company to execute the purchase. 
• FULLY-EXECUTED PURCHASE CONTRACT: We’ll need a legible, complete copy of the fully-executed contract complete with all other documents that come with it. 
• REHAB BUDGET: We have a template for this if you don’t have one, but we’ll need a very detailed budget for your rehab project. 
• BUILDER’S RISK INSURANCE: If you’re involved in construction of any type, we’re likely going to need to be covered for construction-related issues. Reach out to your insurance agent to obtain a builder’s risk policy for the project. 
• HAZARD INSURANCE/FLOOD INSURANCE/CONDO INSURANCE: We’ll need the declarations page from any hazard or flood insurance that you have and, if you are purchasing a condo or townhome and the association carries a policy, we’ll need copies of those documents as well. 
•  VOIDED CHECK: Often times we’ll require automatic payments for our flip products. We’ll need a legible copy of a voided check to set that up. 
• REAL ESTATE TRANSACTION HISTORY: Our pricing is heavily influenced by the experience of the flipper. We’ll need to get a detailed transaction history for all purchases, rehabs, and sales over the past 36 months. You will also want to throw in copies of the ALTA settlement statements from those purchases and sales. (No more than 8 Settlement Statements Needed)
• DRIVER’S LICENSES/ID’S FOR EACH GUARANTOR: For each guarantor, we’ll need to get a copy of the front and back of their driver’s license. Cell phone pictures are fine, but please make sure that the licenses are legible and that you get all four corners of the document.