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Updated over 1 year ago,
Proof of Funds with multiple investors
Have an opportunity to work with a few investors locally in Chicago. My partner and I have a series LLC already. The question came up today: How will we provide proof of funds for a cash offer on a SFR we want to rehab with 3-5 investors. Depending on the deal we are not sure how many people will join or are needed.
Will a residential seller pause on our offer if we included 5 bank statements.
Resistant to setting up a new series without a deal. Is there an easier way?