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Updated over 12 years ago on . Most recent reply

Catherine D.'s profile image
Catherine D.'s profile image
Catherine D.
  • Residential Real Estate Broker
  • from Minneapolis, Minnesota
  • Member since Jul 31, 2012
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User Stats

37
Posts
6
Votes
Catherine D.'s profile image
Catherine D.'s profile image
Catherine D.
  • Residential Real Estate Broker
  • from Minneapolis, Minnesota
  • Member since Jul 31, 2012
Connect
Catherine D.
  • Residential Real Estate Broker
  • Minneapolis, MN
6
Votes |
37
Posts
Buying & Selling Real Estate

Making an Offer - Demonstrating Proof of Funds - Will 401 K funds Suffice?

Catherine D.
  • Residential Real Estate Broker
  • Minneapolis, MN
Posted

Hi BP Community:

We are placing a cash offer on a property and using 401K funds. The 401K is in an individual's name (Managing Partner with our business). We are making the offer through the real estate business.

Will this suffice? Or should we place the offer with financing? The property is a short sale.

Thx in advance!
Cat

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