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Updated over 14 years ago on . Most recent reply

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Sherri Abrams
  • Connecticut
5
Votes |
20
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How do I make offers on bank owned properties without showing proof of funds for down payment?

Sherri Abrams
  • Connecticut
Posted

I am a wholesaler and I have several properties that I would like to put under contract with deep discounts. However, in order for me to put in an offer many of the banks would like me to show proof that I have the funds to make a cash offer, What other options do I have?

Most Popular Reply

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153
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Christopher Davis
  • Real Estate Investor
  • St. Louis, MO
104
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153
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Christopher Davis
  • Real Estate Investor
  • St. Louis, MO
Replied

You'll never be taken seriously making offers with "deep discounts" if you can't prove that you can close on the property. Find a partner who can and use their POF .
Chris

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