First Flip and Wholesale funding question

[Ludmila Hill]

Hello,

I'm new to REI, I've been working on marketing strategies to find off market properties, I have a couple that I found, but I don't have 20% to put down like the conventional loans require, I'm in Los Angeles and the prices are high. I'm looking for a company or private lender who can fund the deals 100% and take their interest and points at the end, when we sell the property or we can even profit share. Does anyone know of a company that will do this kind of deal?

My question about wholesale: How do I put a property under contract if I don't have proof of funds and to put an offer I need the POF. I found a company that will "sell" you POF for $4.97, is that legal?

Thanks in advance.

[Charlie Fitzgerald]

No, it's not legal to use a fraudulent proof of funds letter.