Proof Of Funds Question!

[Kris Eubanks]

For my first wholesale deal im trying to connect with real estate agents to find something already on the MLS.(No cold call needed) Are they likely to ask for proof of funds? How does someone without an extensive buyers list get a proof of funds letter? Open to all feedback!

[Rick Albert]

Yes, any decent agent is going to want proof of funds. They aren't also likely to be happy with working with a wholesaler. The idea of locking up a property so you can go resale it and make more money without any improvements hurts the agent and their client. The agent makes less money and their job is to get the highest price possible for their seller. 

Obviously I can't speak for all agents but I would never do a deal with a wholesaler. I recommend going a different route.