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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!

User Stats

16,402
Posts
13,906
Votes
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
13,906
Votes |
16,402
Posts
Chris Seveney
Pro Member
#2 All Forums Contributor
  • Investor
  • Virginia
Replied

@Steve Smith

Get from your private lender a proof of funds letter

User Stats

41,513
Posts
61,248
Votes
Jay Hinrichs
Professional Services
Pro Member
#3 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
61,248
Votes |
41,513
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Jay Hinrichs
Professional Services
Pro Member
#3 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.
CV3 Financial logo
CV3 Financial
|
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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

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.