Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

19
Posts
7
Votes
Johannes Bezuidenhout
  • Specialist
  • Katy, TX
7
Votes |
19
Posts

Address Not Provided. Proof of funds first??

Johannes Bezuidenhout
  • Specialist
  • Katy, TX
Posted
How do I approach a seller that want a check list of things done before they provide address? Below is the email I received. Need some advice . Thank you for contacting us. Before I provide the address to the property I do have some questions for potential buyers due to we like to work with those who are serious if the property fits their criteria for purchase. Please answer the questions and we will respond with the address if you answers fit the buyers that we like to work with. Thank you.  1) We require proof of funds for the transaction? Are you willing to provide that information before we provide the address? 2) We require a non-refundable earnest money deposit of $1000 (depending on your deal) to be placed with our title company if you decide to purchase the property? Can you do that? 3) f you do decide to purchase the property what kind of funding will you use? Hard Money, Cash, or some form of financing 4) If you do decide to purchase how fast can you close?

Most Popular Reply

User Stats

1,730
Posts
1,511
Votes
Jason Hirko
  • Lender
  • San Antonio, TX
1,511
Votes |
1,730
Posts
Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Johannes Bezuidenhout They are trying to weed out wholesalers and buyers expecting a traditional retail closing. I think those questions are a good sign - they are ready to sell to an investor and speed of closing is important to them. 

Loading replies...