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Updated over 9 years ago,
To those of you utilizing HML, how do you go about providing POF with your offer?
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?