Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

91
Posts
15
Votes
Clary C.
  • Real Estate Agent
  • Attleboro, MA
15
Votes |
91
Posts

Proof of funds letter with offers

Clary C.
  • Real Estate Agent
  • Attleboro, MA
Posted

friends,

I'm new to the wholesaling business and I have some questions that I was hoping someone could answer for me.

I'm trying to get my first wholesaling deal and I am currently looking at properties in the MLS. Most of the deals I'm seeing on the MLS are asking for "Proof of funds" letters to be submitted with all offers especially from cash buyers. What should I do when I run across this? I'm looking to assign the contract but I won't be able to get any properties under contract without a prof of funds letter. Any help would be appreciated. Thanks!

Most Popular Reply

Account Closed
  • Dallas, TX
744
Votes |
4,988
Posts
Account Closed
  • Dallas, TX
Replied
That is really easy just show them your bank statement.

Joe Gore

Loading replies...