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Updated over 3 years ago on . Most recent reply

John McCoy's profile image
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John McCoy
  • Member since Jul 12, 2021
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John McCoy's profile image
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John McCoy
  • Member since Jul 12, 2021
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John McCoy
2
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10
Posts
Detroit Real Estate Forum

Bank statement/proof of funds

John McCoy
Posted

Hello, so I am still fairly new to wholesaling in Detroit and I need some advice on what to do when a seller asking for proof of funds/bank statements when I do not have the money?

Detroit, Michigan
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Mason Hickman's profile image
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Mason Hickman
  • Real Estate Agent
  • from Sandwich, MA
  • Member since Aug 19, 2014
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Mason Hickman
  • Real Estate Agent
  • from Sandwich, MA
  • Member since Aug 19, 2014
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Mason Hickman
  • Real Estate Agent
  • Sandwich, MA
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Mason Hickman
  • Real Estate Agent
  • Sandwich, MA
Replied

@John McCoy

Yes, be upfront with the Seller with whatever you plan to do. Let them make an informed decision if they want to work with you; don't hide what you're actually going to do. 

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