Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Getting a Proof of Funds Letter
I am in the process of wholesaling an on market deal and the listing agent is now asking for a proof of funds letter. I have already wired my $1000 Earnest Money Deposit to the title company so i thought that would be sufficient. I obviously don’t have the funds to show the agent that I am capable of buying the property, hence why I am wholesaling and not flipping. I know it’s unethical but am I able to use a fake proof of funds letter or can I use a proof of funds from a cash buyer?