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Preparing To Buy
Before you start shopping for your property, it is a good idea to make some preparations.
Build Your Green File.
A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:
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Financial statements
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Bank accounts
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Investments
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Credit cards
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Auto loans
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Recent pay stubs
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Tax returns for two years
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Copies of leases for investment properties
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401K statements, life insurance, stocks, bonds, and mutual account information.