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Updated over 10 years ago on . Most recent reply

Account Closed
  • Surprise, AZ
0
Votes |
1
Posts

Seller asking for hard proof of funds to be on VIP Buyers list!

Account Closed
  • Surprise, AZ
Posted

Brand new investor dealing with fix and flips and wholesaling if the property is not of interest to invest in. 

Responded to Craigslist ad on a house for further details such as address, availability, etc. The "seller" responded with a request for hard proof of funds to be included on their VIP Buyers list without answering any questions.

I understand they want to weed out the tire kickers..........

How would the more seasoned investors respond???

Most Popular Reply

Account Closed
  • Real Estate Investor
  • Phoenix, AZ
76
Votes |
111
Posts
Account Closed
  • Real Estate Investor
  • Phoenix, AZ
Replied

Hi Leng.. The term VIP Buyers List implies to me that this is a wholesaler.. That's a term wholesalers use. Here in Phx at least, most craigslist FSBO listings are wholesalers either 1) simply looking for new investors to add to their buyer list or 2) trying to find an investor buyer for a deal they have under contract. That said, asking for POF in their first response is pretty lame. I wouldn't waste my time with even a response.. With respect to trying to find a good FSBO deal on craigslist here is super tough.. Like I said, they are mostly other wholesalers.. and from my experience, few are good deals such that you could make a profit on a co-wholesale deal.

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