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Updated 3 months ago on . Most recent reply
Proof of funds with business partner
Hi all,
My business partner and I are looking to flip a property in Savannah, GA. This would be our first flip together, splitting cost and profit 50/50 with a hard money loan for what we cannot make up on our own. We are wondering how to go about showing proof of funds if the deal ends up being an on-market deal.
Any advice would be helpful. Thank you!
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Nicholas L.
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Nicholas L.
#1 Starting Out Contributor
Pro Member
#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
not sure i follow the question. to show proof of funds... you show proof of funds. so if you're taking out an HML you'd get proof of funds from the HML.