All Forum Posts by: Account Closed

Hey Robert, hope your flight goes well. My recommendation would be Ron Dayley, he help me purchase my first property at the beginning of this year. Good luck!

Hello and welcome to Clarksville. I just moved here my self, not sure of any attorneys but wanted to recommend joining the local Clarksville real estate meetup. You can find more info about it on meetup.com. Currently I think there are about 40 people that go several of which are attorneys, its every 3rd Thursday.  

Good luck, hope closing goes well!

Thanks for the replies everyone! I was separated for several years before I got divorced thus the reason for not keeping all the funds in the bank. Which all of the funds have been withdrawn from the same bank account I'll be depositing it back into so as long as I wouldn't be taxed to deposit it again seems like the easiest way to go.

Hello BP community! I've been hanging out in the shadows for some time now reading posts, listening to podcasts etc. Well after a year plus of research its time to make an offer on my first deal. I need to get some form of "proof of funds" letter together. So here's my question. I Have all the cash for the deal. Only about a third of it is in the bank and the rest is cash in hand. Obviously I can deposit it in my bank account, then just get a letter from the bank saying I have x amount in my account. My concern is if i deposit a large sum of money in my account will I have to pay taxes on it or have any other red flags raised? Ive been saving for almost 5 years and everything has come from my employment so its already been taxed. I'd hate to be taxed again or raise my current tax bracket etc. Am I over thinking this? Any ideas or input would be greatly appreciated! 

Thanks