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Updated over 10 years ago on . Most recent reply
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How does one circumvent realtors "proof of funds" request?
Hello BP Nation,
I invested in getting REO information from a website only to find out that the information provided is outdated ( won't mention site name here, but message me if you want to know). After inquiring with listed realtor and finding property sold four months ago, the realtor offered to provide updated information after receiving my "proof of funds" letter. I'm attempting to start out as a wholesaler and don't have much funds to prove. Would appreciate any suggestions to help get realtors to work with me.
Many thanks in advance,
Bryan
Most Popular Reply
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Are you looking at this one property still or just trying to get info on others that agent may have?
Not to be a jackass, but the reason everyone is asking for proof of funds because there's a bunch of people like you that cant buy these things wasting agents time and putting things under contract that never close...
Also, what value are you bringing to the table talking to a realtor and then wholesaling it from them? That's not really how wholesaling works. If you want to do MLS stuff, sounds like you should go get a realtor license. If you want to wholesale you really need to be finding off market stuff. Plenty of podcasts and info on here on how to go about doing that.
To answer your question, there are plenty of online places that will print off worthless POF letters for you.