My fiancé and I currently own 2 multi families under conventional loans (a 3 family owner occupied for 3 years and then moved out to owner occupy a duplex).

Good Morning BIGGERPOCKETS FAMILY:QUESTION: I am interested for a property that Asking price its 135k , 3 days inspection period and 3-5 k escrow deposit  ; i need to made this deposit  in 2 -3 days , my question its THE SELLER are asking FOR A PROOF OF FUNDS, that i need to got from a private lender or hard money or conventional loan , in this time the seller will be receive all the offers and just select one ; THE best OFFER FOR him; how i compete to be the first to secure the property????

@Tony Gorokhovsky thanks man, I am now going conventional on two smaller sfh worth about 100k each. so I’ll have 20k-30k of my own money in each deal.

Ask any all parties to help fund the purchase, partner, offer a seller financing or subject-to, or politely ask if they can wait until you're approved for conventional lending. 

conventional loan How did you add value to the deal?

conventional loan How did you add value to the deal?

construction loan for a year, then conventional How did you add value to the deal?

conventional loan How did you add value to the deal?

@Ben Gradert I’m not sure where you were located, but many investors use the conventional 10% down vacation home loan for their Airbnb properties.

Just purchased a SFH with a conventional loan and 20% down.