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Updated about 9 years ago on . Most recent reply

Account Closed
  • Pompano Beach, FL
6
Votes |
39
Posts

Proof of funds

Account Closed
  • Pompano Beach, FL
Posted

Hello BP family I just recently started building my buyers list to start wholesaling. I started that process 2/09/2016. I met a cool guy that basically tossed a great commercial deal into my lap and told me that if I could market the deal and sell it then i would receive a cut from it which is perfect!

I started to market the deal and I am receiving calls and emails back. Should I ask for proof of funds BEFORE I give any information about the property e.x. location, business names, ect..

 I have a few people who wants to have pictures of videos of the property but if i give them this information they could start roaming around the building and get the current business renters worried. 

Most Popular Reply

User Stats

190
Posts
85
Votes
Leon D.
  • Investor
  • Chicago, IL
85
Votes |
190
Posts
Leon D.
  • Investor
  • Chicago, IL
Replied

You can certainly ask for POF before releasing any details, if nothing else by putting that in the marketing material you get rid of the dilettantes and lurkers (nothing wrong with that!). But even if they do give you a POF and seem to be serious buyers, that isn't necessarily going to stop them from wandering around the property... The POF just means that fewer people will do it.

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