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Updated about 5 years ago on . Most recent reply
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Proof of funds in a Connecticut deal
I found super slam dunk deal here in CT. I'm going to make a cash offer and I have an investor with the funds that I'm going to fund the project with. Since Ive bought all my rentals with conventional mortgage I'm a little lost.
I have couple of questions,
1. When I'm making the offer, what kind of proof of funds from my investor is acceptable for the sellers realtor?
2. Can I make an offer with my name only, use my private investor proof of funds and then create an LLC with him and close under the LLC?
Thank you guys!
Most Popular Reply
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@Andres Bernal Having submitted a lot of cash offers in the same market you are, it is best to provide a bank statement with liquid funds that minimally equals the offer amount. Preferably more. This will make the sellers take your offer seriously.
- Michael Noto