How to get rid of POF/ EMD when wholesaling a property?

[Haneen Muthana]

I’m new to wholesaling and I’ve found a few properties, but they require a Proof of Funds or a Earnest money deposit. I wanted to know how can I avoid those when trying to wholesale a property, because I’m not the direct buyer? Thanks.

[Corby Goade]

If you need proof of funds, then provide proof of funds. Same with EMD. Terms are always negotiable, so if you negotiate a good deal, make sure the terms match what your resources can provide.

This is the issue with lots of new wholesalers- people think the need to tell the sellers that they have tons of cash and they are doing this all on their own. Don't be dishonest, lying won't get you far anywhere in life. Tell the sellers what you are doing and focus on helping them out of their problem, whatever it may be. Be honest, be helfpul and focus on the seller- if you do that, everything else will fall in to place.