Transactional Funding and proof of Funds

[Tevin Swain]

Good evening everyone I am very interested in making a few offers on HUD properties and REO properties. I have a few questions and hopefully someone can help me. Thank you for your time.

#1 If i am making and all cash offer (in hopes of flipping it to an End Buyer) will i need a pre-qualification or Pre-appoval letter? My plan is to use Transactional Funding.

#2 If i use Transactional funding will the funds need to actually need to be in my personal bank account? and will they check my personal Bank statements?

#3 Is it a good idea to try and get a pre-approval letter or pre-qualification letter from a Hard money lender?Or will i have to do this anyway?