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Proof of Funds
I am trying to get into preforeclosure/short sales investing but I don't have a big enough bank account to use as a "proof of funds" (usually one includes a proof of funds in his short sales packet that is submitted to lenders).
Does anyone have any suggestions as to fix this? I am looking to line up some private lenders and/or hard money lenders to fund my deals but it seems as if I'm in the midst of a catch 22. Correct me if I'm wrong but I need a deal worked out with the bank already in order to get a private or hard money lender to finance it. For proof of funds through a hard money or private lender I already need to have the funds secured... So it seems as if I need funding to get the deal and to get funding I need the deal...
Help?