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Updated about 8 years ago on . Most recent reply

User Stats

105
Posts
25
Votes
Andres Bernal
  • Orange CT
25
Votes |
105
Posts

Making an offer on a REO

Andres Bernal
  • Orange CT
Posted

Hi guys, 

I have a question. Today i was watching a REO in a super discount price. I have a partner (which is the money guy not a investor) and hes hesitating with this deal. If hes not going for it i will go with a hard money lender. My agent asked me for a proof of funds aling with the offer, I dont have any hard money lenders yet. Does the hard money lenders will give me a proof of funds right away if he thinks this is a good deal?

Anybody with experience here?

Thank you

  • Andres Bernal
  • Most Popular Reply

    User Stats

    105
    Posts
    25
    Votes
    Andres Bernal
    • Orange CT
    25
    Votes |
    105
    Posts
    Andres Bernal
    • Orange CT
    Replied

    Thank you @Christopher Phillips and @Kevin Hunter 

    @Brent Coombs hes a new partner with a lot of money to invest, not necessarily an investor. Im using my experience to have a good return. I havent use a hard money lender yet and i was curious but i will evaluate the deal again and see what will be best, thank you!

  • Andres Bernal
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