Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

39
Posts
7
Votes
Steve Smith
Pro Member
  • Rental Property Investor
  • Gurnee, IL
7
Votes |
39
Posts

Private money proof needed

Steve Smith
Pro Member
  • Rental Property Investor
  • Gurnee, IL
Posted

I am actively looking at property and have the opportunity to use private money for the deal. When submitting the offer what do I use as proof of funds? Traditional financing you have a pre-approval what is used for private money?  

Thank you!

  • Steve Smith
  • User Stats

    16,753
    Posts
    14,290
    Votes
    Chris Seveney
    Pro Member
    • Investor
    • Virginia
    14,290
    Votes |
    16,753
    Posts
    Chris Seveney
    Pro Member
    • Investor
    • Virginia
    Replied

    @Steve Smith

    Get from your private lender a proof of funds letter

  • Chris Seveney
  • User Stats

    41,800
    Posts
    61,587
    Votes
    Jay Hinrichs
    Professional Services
    Pro Member
    #4 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    61,587
    Votes |
    41,800
    Posts
    Jay Hinrichs
    Professional Services
    Pro Member
    #4 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied
    or with private lenders like us  we provide copy of bank account thats super strong and never had an issue.
    Steadily logo
    Steadily
    |
    Sponsored
    America’s best-rated landlord insurance nationwide Quotes online in minutes. Single-family, fix n’ flips, short-term rentals, and more. Great prices.

    User Stats

    39
    Posts
    7
    Votes
    Steve Smith
    Pro Member
    • Rental Property Investor
    • Gurnee, IL
    7
    Votes |
    39
    Posts
    Steve Smith
    Pro Member
    • Rental Property Investor
    • Gurnee, IL
    Replied
    Quote from @Chris Seveney:

    @Steve Smith

    Get from your private lender a proof of funds letter

    Thank you @Chris Seveney

  • Steve Smith
  • User Stats

    39
    Posts
    7
    Votes
    Steve Smith
    Pro Member
    • Rental Property Investor
    • Gurnee, IL
    7
    Votes |
    39
    Posts
    Steve Smith
    Pro Member
    • Rental Property Investor
    • Gurnee, IL
    Replied
    Quote from @Jay Hinrichs:
    or with private lenders like us  we provide copy of bank account thats super strong and never had an issue.

    Thank you @Jay Hinrichs.  

  • Steve Smith