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Updated over 5 years ago on . Most recent reply

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Tre Tipton
  • Boston, MA
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Proof of funds requested by agent before showing?

Tre Tipton
  • Boston, MA
Posted

Newbie investor. Working with a realtor that sends me MLS leads daily. Found a property i am interested in for a potential wholesale but want to see it in person to get a more accurate idea of repair cost. The agent is asking for proof of funds prior to showing the property. How should I handle this seeing I dont personally have the funds and haven't quite lined up a buyer just yet. (I do have several buyers i am pretty sure would be interested)

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

They are protecting the seller from FRAUDS and SCAMMERS that are not real buyers.

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