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All Forum Posts by: Donovan George

Donovan George has started 2 posts and replied 8 times.

Post: Proof of Funds for first wholesale deal

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

@Wayne Brooks thanks!

Post: Proof of Funds for first wholesale deal

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

@Tommy Adeoye thank you!

Post: Proof of Funds for first wholesale deal

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

@Oscar Varela thank you!

Post: Proof of Funds for first wholesale deal

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

@Allan Smith thank you so much for your input!

Post: Proof of Funds for first wholesale deal

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

Hi all! We are working our first wholesale deal. We are stuck on the step of having a POF letter ready before making offers. I have read of besttransactionfunding.com to get a free POF but that makes me a little weary as we do not actually have the funds to purchase the house if we should not be able to find a buyer. I have also read of some using their end buyer's POF but we don't have one close enough yet to do so. Any advice would be appreciated. Thank you!

Post: Hard Money Lending Details

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

@Dmitriy Fomichenko thank you sir!

Post: Hard Money Lending Details

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

@Patrick Prunty

Thank you so much for your input! It is appreciated.

Post: Hard Money Lending Details

Donovan GeorgePosted
  • New to Real Estate
  • Texarkana, TX
  • Posts 8
  • Votes 1

Hi! My wife and I are kind of new to investing. We have one rent house that we got through a loan and down payment with a bank. But we are trying to do research on hard money lending; We have tried searching the forums here for specific details on how much money you have to have down to get a loan through them? We have a called a couple and they told us 20% of the asking price. Are there any companies that don't ask that much up front? We have some to put for a down payment but not 20%. Any help or pointing us in the right direction to look would be appreciated!