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Updated over 5 years ago on . Most recent reply

User Stats

27
Posts
4
Votes
Douglas A Lewis
  • New to Real Estate
  • Livonia, MI
4
Votes |
27
Posts

Potential BRRRR deal requires proof of funds letter

Douglas A Lewis
  • New to Real Estate
  • Livonia, MI
Posted

I have a property that I’m putting in an offer on but the seller is requiring a proof of funds letter. I thought I could line up financing in the due diligence phase of the deal. The property needs a lot of work so I cannot use a traditional bank yet for the financing. Should or could I get a letter from a hard money lender? Or what other idea would you suggest?

  • Douglas A Lewis
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