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Updated almost 5 years ago on . Most recent reply

Shaun Grindle's profile image
Shaun Grindle's profile image
Shaun Grindle
  • Rental Property Investor
  • from Joplin, MO
  • Member since Jun 30, 2019
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Shaun Grindle's profile image
Shaun Grindle's profile image
Shaun Grindle
  • Rental Property Investor
  • from Joplin, MO
  • Member since Jun 30, 2019
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Shaun Grindle
  • Rental Property Investor
  • Joplin, MO
1
Votes |
6
Posts
Multi-Family and Apartment Investing

Seller asking for Proof of Funds or Pre-approval letter?

Shaun Grindle
  • Rental Property Investor
  • Joplin, MO
Posted

Is it normal for the seller of a multi-family property (5 units) to ask me, an investor inquiring about their property, for a Proof of Funds or Pre-approval letter when I am just asking questions like to see the rent roll, losses and profits for the last 3 years and other relevant info to do my due diligence? 

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Erik Hatch's profile image
Erik Hatch's profile image
Erik Hatch
  • Rental Property Investor
  • from USA
  • Member since Nov 22, 2018
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Erik Hatch's profile image
Erik Hatch's profile image
Erik Hatch
  • Rental Property Investor
  • from USA
  • Member since Nov 22, 2018
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Erik Hatch
  • Rental Property Investor
  • USA
222
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325
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Erik Hatch
  • Rental Property Investor
  • USA
Replied

Yes it’s fairly normal 

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