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Updated over 9 years ago,

User Stats

312
Posts
231
Votes
Travis Lloyd
  • Property Manager
  • Bridgeport, CT
231
Votes |
312
Posts

To those of you utilizing HML, how do you go about providing POF with your offer?

Travis Lloyd
  • Property Manager
  • Bridgeport, CT
Posted

So to all of you out there that use hard money to buy your flips, are you making a cash offer or an offer to purchase with a mortgage? Someone asked me about this today, and I have no experience with this. The group I work for buys all cash and we just print a bank statement as POF to accompany the offer.

So someone putting an offer on a listed property (mls), do you call it a 'cash' offer or add a mortgage contingency? If you mark it cash - what do you do about POF?

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