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Updated almost 5 years ago,

User Stats

20
Posts
9
Votes
Jordan Futch
  • New to Real Estate
  • Santa Barbara, CA
9
Votes |
20
Posts

The proof of funds catch-22

Jordan Futch
  • New to Real Estate
  • Santa Barbara, CA
Posted

I'm preparing to buy my first fix and flip. I want to use hard money and a money partner for the purchase. I already know my agent will want to show POF with any offers and I could show a pre-approval letter from the hard money lender but I don't have a money partner yet to show proof of funds for the rest of it. I know I can raise the capital but I don't want to lie about my situation, or miss out on a potential fire deal. Whats the best way to approach this?

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