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Updated about 13 years ago on . Most recent reply

Dustin Poole's profile image
Dustin Poole's profile image
Dustin Poole
  • Wholesaler
  • from Allen, Texas
  • Member since Mar 11, 2012
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23
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2
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Dustin Poole's profile image
Dustin Poole's profile image
Dustin Poole
  • Wholesaler
  • from Allen, Texas
  • Member since Mar 11, 2012
Connect
Dustin Poole
  • Wholesaler
  • Allen, TX
2
Votes |
23
Posts
Wholesaling

Is Using "Flash Cash" Necessary when submitting offer on REO?

Dustin Poole
  • Wholesaler
  • Allen, TX
Posted

We have done multiple principle rehabs in the last 18 months, about 30, but each offer was sent with an offer and Proof of Funds showing a substantial sum of money.

We are now in a position to where we are finding more properties than we can handle, and are firming up our wholesale strategy and I had a question.

When submitting an offer, would it be advised to continue to show the account with cash, or would a simple pre-qualification letter be sufficient?

I appreciate your responses!

Dustin

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