Proof of Funds vs Pre-Qualify for House Flipping

[Ryan Johnston]

I'm looking to get my funding for future house flips and I'm planning on going through a hard money lender for my first deal. I'm starting to inquire about some of these loans and I'm curious as to what's more powerful when placing offers on houses that are on the MLS.

Is it better to have proof of funds or is it better to have a pre-qualification from a HML? I plan on writing the offers stating the finance is coming from a cash offer in order to close faster. This should give me a little bit of an edge in an otherwise competitive market.

Thank you for your help in advance!

[Mike Burkett]

@Ryan Johnston We issue proof of funds to our clients all the time. I have never heard of a seller rejecting or discounting the value of our POF's.