Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
Posts

Do I need to show proof of funds to get a house under contract?.

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

If a realtor has a property listed the homeowner is willing to sell their property for a wholesale price (because they are motivated) do you need to show the realtor proof of funds in order to get the deal under contract to flip it?

Most Popular Reply

User Stats

9,935
Posts
10,791
Votes
Chris Mason
  • Lender
  • California
10,791
Votes |
9,935
Posts
Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Account Closed:

@Chris Mason the realtor said he doesn't show properties to buyers who doesnt show proof of funds

 In other words, the Realtor is NOT horrible at their job....

Just show the PoF or preapproval. If you can't do that SUPER simple task (should take you no more than 30 second...), then there's no point in even showing you the home. You have the PoF/PA or you don't. Period... Realtors with IQs over potato don't deal with so-called "wholesalers." 

  • Chris Mason
  • Loading replies...