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Updated over 15 years ago,

User Stats

361
Posts
75
Votes
Joseph Ziolkowski
  • Inspector
  • Alsip, IL
75
Votes |
361
Posts

Proof of funds for a wholesaler

Joseph Ziolkowski
  • Inspector
  • Alsip, IL
Posted

Hi all! So I'm working with a realtor now to find REO's, and I need to get a proof of funds letter to make the offers. The thing is, I have no intention of buying the properties myself, I just want to get them under contract to assign to a cash buyer. So that being said, where would I get a proof of funds letter just for the purpose of submitting it to the banks? I have little cash/credit, and being that I'm a newbie, I don't have a solid reputation yet. And if I found someone to give me a proof of funds letter for this purpose, what's in it for them? Sorry for the long post, I'm just full of questions :lol:

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