proof of funds letter

[John Leip]

Hi, my name is John I'm looking to get started in flipping home's homes and need a proof of funds letter. How do I get one without using my credit. i went to a real estate lunch in and was given this site to use.

[Christopher Phillips]

John Leip

Like Teri S. Mentioned, proof of funds is used to show that you have all the funds needed to do an all cash deal.

Could be either bank statements with account numbers blanked out or a letter from a bank branch person stating you have the necessary funds in your account.

If you are getting financing for your deals, then you need a pre approval letter stating you have the budget for the deal.

Theses are usually required when submitting offers.