Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply

Getting a proof of funds
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

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.