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Updated about 4 years ago on . Most recent reply

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2
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Maysoon K Salah
  • Real Estate Agent
  • 33458
0
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2
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The Proof of Funds Dilemma

Maysoon K Salah
  • Real Estate Agent
  • 33458
Posted

If proof of income letters are barrier to wholesaling, then would a possible solution be to offer 10% and first right of refusal on deals to someone who can offer a proof of income? What is a acceptable percentage/incentive to using the proof cash exists, but they may or not be the buyer? Therefore, little to no risk on their part to work their money with a wholesaler that will give them a percentage of their profits of each deal just for using proof that sufficient cash exists to close on the deal. From my understanding (and please correct me if I am wrong), the final buyer of the deal may change but the cash offer does not.

Your thoughts and opinions would be appreciated. Thank you .

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