Proof of funds letter or bank statement

[Victoria Riggs]

Hello,

I have a deal asking price $29,000 and ARV is $ 150,000 and condition is not that bad.

I want to wholesale or partner up on this deal, can you recommend a good source to get a POF or a bank statement? I've heard POFs are not taken seriously.

Thanks for your advice,

Victoria 

[Patti Robertson]

@Victoria Riggs - You get a POF letter from whoever has agreed to give you funds to purchase the property. Real POF are taken seriously from recognized entities. Using a fake POF letter just to get a contract accepted from a source who really hasn't agreed to give you the funds for the purchase is fraud. Don't do it. Find a lendor - bank or hard money - who will legitimately agree to fund your deal(s), and they will provide you a POF. You can still wholesale the property, but you will be putting it under contract legally this way.