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Updated over 7 years ago,
HELP need seasoned money! NO RISK TO YOU!
Hey guys,
I have never done this before to anyone as I hate asking people for favors but I am in a HUGE pickle right now and REALLY need a favor from anyone willing to help! This needs to happen ASAP! So anyone who is in Hawaii, preferably on Oahu or anyone who is out of state who can figure out a way for me to get the 80k cash in hand to you please read on!
I have the deal of a lifetime currently in escrow, I was going to go FHA and buy the property but I recently came upon 80k in cold hard cash to use as my down deposit for the mortgage. This makes me want to go Traditional Investors Mortgage with 20% down instead because now I can put renters in the house immediately and start cash flowing a whopping 1500-3000$ a month in cashflow!!! YES 1500-3000$ AFTER ALL EXPENCES! (If you are really interested in helping me I will share my numbers but none of that matters for why I'm asking for help)
The reason I'm asking for help is because I need the 80k to be seasoned and it's currently in cold hard cash. It would take too long for the money to become seasoned if I put it in the bank now and I would fall out of escrow on the deal of a lifetime! So what I am asking of anyone willing to help is to borrow a bank account of theirs who has 80k of seasoned money in it and I will give you 80k in cold hard cash in return the same day the money is withdrawn from the account (if you want to bring a lawyer and write up legal documents we can)
What needs to happen to make this work: (at least what I've figured out so far) The 80k needs to have been in your bank account for at least 60 days. (seasoned) You would need to add my name as a secondary to the account and write a statement saying I have permission to withdraw 80k, no more no less, from your bank account. I will then give you 80k in cold hard cash for your 80k of seasoned money in your bank account. (plus your fee for letting me use your account for this one time transfer) The money from your account will go directly into the down deposit of the loan and I will never actually touch the money or access your account. (I don't even need to know your bank account number or routing number but the loan officer will need to know it) The day after the money is withdrawn you can take my name off your account and we can part ways.
If anyone is willing to help or knows anyone who might be able to help, I could really use it! I cant let this deal of a lifetime fall through! This plan was given to me by my loan officer so I do believe it to be legal. If there is anything wrong with this plan please let me know but also give me a workaround so that I can make this deal happen!
Any and all feedback is greatly appreciated, positive or negative, but please don't call me a fraud or scammer because I'm not. I'm an honest investor who just needs one favor to land the deal of a lifetime and I am desperately seeking help to make it happen!
I hope someone is kind enough to help!
Jordan Sunshine