How to do 25 to 1

You can get a proof of funds from BestTransactionfunding dot com. Ive been using this POF for 2 years when submitting offers with an agent. All you need is one POF and in the filed where it says to put an address of the property put " To be determined" And put the area codes of the towns/cities you would be making offers in. Your agent would submit a copy with every offer.

Reynold,

Thank you for the idea of putting "to be determined" so you don't have to fill out one for each property, my question is what do you put in for the purchase price on the POF? I feel if you put TBD on that as well it would weaken the offer when submitting it?

I have a realtor in mind that I want to work with but I dont know how to answer the questions about How I will have a proof of funds or earnest money.

I dont have money to put down on for earnest and what do I do about proof of funds?

I have checked into best transactional funding but they only give POF in a business name.

Can someone explain this to me so I can start making offers to get to 25 To 1? I did not read how to do this I the book.

I checked your profile and NOTTA. zilch except that you joined 16sept2010.

One of your post says looking for buyers in Frederick Md.

Use the search box top left - type 25:1 and hit enter.

Please see DG site Instructions link below

You CAN get POF at besttransfunding in just your name. Slow down and use the drop down tab and choose 'name only'...see. EASY

In response to one of the above posts, Earnest Money is a requirement of a real estate transaction, but the amount and when that earnest money deposit is paid are not mandated by law, except that Earnest Money must be paid prior to closing.
The amounts required for an EMD are more dictated by real estate agents, who believe that a larger EMD makes a stronger offer, or by a seller of foreclosure properties such as FNMA or HUD, who are basically in a position where they can dictate their own rules.
If you are unable to pay an EMD that matches HUD, or FNMA requirements for your area, then simply don't make offers on those properties.
If you are unable to pay an EMD that matches what your real estate agent wants you to pay, you have the following options:
1) Have a discussion where you explain that as investors we simply do not spread money around that way, and the maximum that you are willing to pay will be $_________ (your predetermined amount), and that as investors we do not make EMD's on presentation of offer, but when offer is accepted. Your agent then has right of response to choose to work with you on your terms or not. You then, if necessary, will look for another agent;
2) Make it a condition of your offers that the EMD will be payable within 14 business days after acceptance of offer (the same length of time usually designated as the inspection period). If you are successful in lining up a cash buyer, you will have them pay you an EMD equal to or greater than your committed EMD, and will use their money to pay the EMD.
3) Choose not to work with MLS listed properties, and focus on For Sale By Owner (FSBO) properties. Most people in the program pay very small EMD's like $1, or $10, or $20 to sellers of FSBO properties. After all, that money is simply going to sit in a safe or a bank account until closing--no one can spend it.

You would put the offer amount you have calculated for the prop not TBD, which is in Dean's free book-so read that before you start making offers ok. Tell your agent that you have a line of credit with this bank, which would be besttransaction funding, I was told to say that to agents from my coaches in the success acadamy because the POF does say it is liquid funds avaailable for us.

So that will make the agent feel better, so they tell me, it does sound pretty good though saying it like that.