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Updated about 9 years ago on . Most recent reply
![Jesse Mundt's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/420328/1621450624-avatar-jessemundt.jpg?twic=v1/output=image/cover=128x128&v=2)
Wholesale Deal *In need of some help
hello everyone,
So I'm in the process of acquiring a property through and agent on the MLS. (This is my first time dealing with an agent during a deal) . I made it very clear that I'm a wholesaler and he understood the process , so he accepted my offer but now he's telling me I need to show proof of funds in order to put the property under contact. Please help!
What do you guys suggest I do?
Most Popular Reply
![Adrien C.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/344417/1623072511-avatar-adriennwi.jpg?twic=v1/output=image/crop=1705x1705@0x261/cover=128x128&v=2)
it's this stuff that gives wholesalers a bad rap. You don't know what the heck you're doing and trying to mess around with a listed property. After you get it under contract- who's buying it?
I'm not trying to be an a$$ or attacking you personally; it's frustrating seeing new people post in the middle of a transaction "what's next". Go learn about real estate and wholesaling before you start to practice it. Get your ducks in a row before you put an offer in. Would you expect someone to start a car, put it into drive and start asking those "what's next" questions. There's enough info on BP to tell you everything A-Z on how to do it and the correct steps. Read, learn, then execute. Slow down a little or you'll screw a bunch of folks in that transaction and could find yourself in a lot of trouble.