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All Forum Posts by: Matt Inama

Matt Inama has started 2 posts and replied 7 times.

Post: Question: Proof of Funds for Cash Offer

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

@Peter Antipatis and @Matt P., I'll be on the look out for that new webinar on redacting! ;) 

Post: Question: Proof of Funds for Cash Offer

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

Thank you all for your advice and guidance! I’ve learned a good deal from you all. 

Post: Question: Proof of Funds for Cash Offer

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

Thanks for the feedback so far, everyone! I see now I need to clarify a bit. I was always under the impression that it's best to have a property under contract before approaching private investors and/or hard money lenders. With that in mind, I do not have money in my bank account, but am confident I can raise the money through private investors and hard money lenders as a last resort. How can I approach it then if I don't actually have the money in my bank account or have a relationship with a hard money lender yet?

Post: Question: Proof of Funds for Cash Offer

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

Hi BP-ers!

I'm a rather new real estate investor in the Denver area and listened to the recent podcast where Paul Thompson (episode 283). This episode got me pumped up to start implementing Paul's "farming" method. As I've been skimming different MLS sites and emailing listing agents, I'm being asked for offers to be submitted "in writing with proof of funds." I do specify in my email that I'm offering an all cash price and can close in around 30 days. But obviously I currently have the funds since I'll be using a combination of hard money and private money for the deals. What are they really asking for when they ask for proof of funds on an all cash offer?

Thanks!

Matt

Post: Newbie in Denver, CO

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

@Kyle Doney I'm looking to keep my location options open, at least in the beginning. But I'm trying to stay between Ft. Collins and Colorado Springs, maybe go down as far as Pueblo.

Post: Newbie in Denver, CO

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

Post: Newbie in Denver, CO

Matt InamaPosted
  • Denver, CO
  • Posts 7
  • Votes 2

Hi everyone, my name is Matt Inama and I'm new to the BiggerPockets forms! I'm a recently recovering management consultant turned real estate investor and am excited to get more involved in this community. My wife and I decided to take a fairly large, yet calculated risk by leaving my job a couple of months ago. We did this so I could dedicate my full-time efforts to building our real estate portfolio. 

I grew up in Colorado, but have lived in Idaho, Ohio, and Utah before making it back to my home state a couple years ago. I earned a graduate degree from The Ohio State University and am a big Buckeye fan! My wife, Heather, and I have one little girl and are working to add another to our family through IVF in the next year or so.

Looking forward to getting to know you all!

- Matt