December 1st, 2011 in real estate, tips | leave a response
- YTD Financial Statements (P&L statement, balance sheet, and cash flow).
- Complete business tax returns or Schedule C’s from seller for past 3 fiscal years.
- Complete personal tax returns and personal financial statements from each principle owner.
- Personal financial statement from each principle owner.
- List of any business debt.
- Written statement of source of down payment or collateral requirements.
- Copy of purchase agreement or letter of intent from seller.
- Contractor bid of construction costs and project cost breakdown.
- Status of all legal permits, including date when they will be issued.