Wholesaling On-Market Properties

[Hector Rivas]

I'm 18 years old and I'm trying to get into wholesaling real estate. I'm running into the problem of providing POF's. How can I go about this? I know grabbing a random POF's letter is consider fraud, etc. I'm not gonna tell the agents that I'm purchasing the property but I will say that I'm working with a group of investors, etc.

Any advice is much appreciated. I’m trying to this the best way possible for everyone involved in this type of business.

[Jerryll Noorden]

Quote from @Hector Rivas:

Quote from @Nicholas L.:

wholesaling on market is not a beginner strategy.

So what do you recommend? Also Is receiving POF's from a HML or PML not recommended in your opinion?

 What the Gentleman said above me is not correct.

Wholesaling absolutely can be an entry to the business strategy. It just isn't a "I don't know anything yet but do it anyways and expect to succeed" strategy.

I started with wholesaling and I do multiple 7-figures a year. So never let anyone tell you no.

Now,  you do need to be honest and fair with yourself.

If you are going to try to play the system, then don't!

What do I mean by this?

What does a POF mean?

Proof Of Funds.

You need to show proof you have funds. Do you? You are asking the forum how to falsify you having funds. That is playing the system. THAT is what you should not do.

Get the funds, THEN submit a POF. That is cool!

Understood?

Transactional Funding. Look into that!

And leave MLS to the agents. Go find off-market deals.