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Updated almost 13 years ago,
Is Using "Flash Cash" Necessary when submitting offer on REO?
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