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Updated over 4 years ago on . Most recent reply

John Easterly's profile image
John Easterly's profile image
John Easterly
  • from Covington, LA
  • Member since May 30, 2020
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John Easterly's profile image
John Easterly's profile image
John Easterly
  • from Covington, LA
  • Member since May 30, 2020
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John Easterly
  • Covington, LA
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Buying & Selling Real Estate

How to provide proof of funds with private money?

John Easterly
  • Covington, LA
Posted

I am currently putting in an offer on a REO with initial plans to BRRR. I will be putting 20% down and using private money for the remainder. The bank is asking for proof of funds and I nor my realtor know the best way to provide this. Do I get a letter from my bank and from my private lender's bank plus a signed note from the private lender saying that he will indeed lending the money?

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