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Updated over 8 years ago on . Most recent reply

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4
Posts
1
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Edwin Rustrian
  • Perris, CA
1
Votes |
4
Posts

Getting a proof of funds

Edwin Rustrian
  • Perris, CA
Posted

Hi BP community,

I'm having some trouble putting some offers in as just about all the listings in my area need proof of funds before considering the offer. I had an analyzed property and offer written but in middle of finding a HML to provide me with a pre approval the listing accepted another offer. Any advice would be greatly appreciated or am I just going to have to skip over proof of funds listings.

Most Popular Reply

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9,365
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6,552
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,552
Votes |
9,365
Posts
John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Keep working to find a reliable HML so you can put in offers with POF when needed. You need to work out how much they will fund, etc first. If they do 80%, and you have 20K, then you can offer on properties up to 100K, etc.

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