Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

46
Posts
11
Votes
Guillermo Vladimir Robles
  • New to Real Estate
  • Los Angeles, Ca
11
Votes |
46
Posts

How do I get a proof of funds?

Guillermo Vladimir Robles
  • New to Real Estate
  • Los Angeles, Ca
Posted

I was wondering how I get a proof of funds letter to show a real estate agent if I'm trying to wholesale on market or seller finance if they don't take a low-ball offer. Also do I need to put down earnest money and a down payment if doing seller finance? 

Most Popular Reply

User Stats

18,356
Posts
15,775
Votes
Chris Seveney
  • Investor
  • Virginia
15,775
Votes |
18,356
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Guillermo Vladimir Robles

Typically seller will require earnest money

You either tell the seller you are gonna wholesale it or provide proof of funds letter from your bank

Trying to hide the fact you are wholesaling and not having the funds and not closing is what gives wholesalers a very negative reputation

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

Loading replies...