Dumb question: My Realtor wants proof of funds why?

I ask my realtor to put me on a list of houses that need repairing. He says, "sure, give me a POF".

Stupid question: why?

I've asked several rea...

1st offer-
Style- 2fam, 2bd/1ba each unit, 950sq.ft each
ARV- 185
List price- 104(REO)
Offer- 80K
repairs- 15K
Strategy- live in one, rent the other @ 1050/mo( below area average by $50)

2nd offer
Style- half duplex,...

So very interested if I should just pay off my house, rent it out, pay that off then continue process over and over. Big advocate of Dave Ramsey for the most part with the getting rid of all debt. Would this be a good...

I'm still waiting on a first lead. I got a call today on my Google Voice line that seems like an actual person (I reverse phone number searched). There was no message left though, just a few seconds of nothing. Do I c...

Hello, I'm currently in escrow to buy a property through a REO agent I contacted directly. He was more than willing to help, and we signed the paperwork quickly. Well, come to find out, his assistant accidentally ch...

I'm fairly frustrated at the moment with my attempts to get some solid RE deals.  Originally I really wanted to start out with multifamily properties, but I've looked at tons, and all the ones that seemed plausible on...

I think I have too much going on and I'm considering making a decision that's a little rash. I have a duplex which is generating a little over $1025.00 after mortgage and escrow. It's an hour and a half away. I work f...

I have found a sfh for $30k that I could maybe get a little cheaper.It's currently rented for $900 per month and the tenant wants to stay according to the current owner.I have not looked at the property yet, I'm very ...

Upon further inspection I purchased the most expensive property in my immediate neighborhood. I am now worried about this as a result of lacking support around me to increase the property value over time. I am going t...

So I am going over the rental/lease agreement that has had over 3k downloads on biggerpockets. With it along with my current one (I just started a few months ago), I am formulating a new and improved one.  I've come a...