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Updated about 8 years ago on . Most recent reply
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Making an offer on a REO
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
Most Popular Reply
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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!