Buying home with proof of funds.

using transactional funding, they will provide POF,you can fill you own out on their site

to find them, type in 'transactional funding' in the search box under Deans chin and hit enter

This is my first possible deal. It sounds to good to be true ..but the numbers and the house are staring me right in the face. I wasn't sure how to go about the proof of funds ordeal.

If this works I have 3 cash buyers standing by to scoop this deal up.

Frank,

Thanks for your reply. I'm going to look into it now.

Thanks Frank,

Since you have 3 buyers lined up- I'm not suggesting to use the transactional funding for the deal, just use the POF letter and then just assign deal to buyer

Mike are you saying there is a way to get a pof letter and not funding? I also thought that banks and places are rejecting transactional funding sources. Is there any truth to this? My agent was telling me this, and seems like I read it too. Tammy

YES

email me

OK. I do have a buyer looking for this specific type of property, who is willing to spend no more than $100,000 and will provide proof of funds. That still leaves his 30% equity he wants and me a large profit.

I just didn't know if I should offer and lock it up then show him all the details or present the details and then make an offer.

Frank

You need a good TF source. One that knows the specific deal you are working on and will tell the lender they will supply there bank statements proving that you are good for the money. One that does not disclose to the lender that you have a double close strategy! They just tell the lender they are a non institutional third party lender (private money). Most of the companies mentioned and promoted on the site are the ones the banks turn down these days. My guys are the best. You can use their POF letter that is address and price specific on every offer you submit, you don't have to use their funds to use their killer POF letters. Check out my website and watch the presentation. These guys are the best in the industry, bar none. They are the real deal for investors that need POF and TF.

Michael Mangham
MD Home Acquisitions LLC

using the maximum offer worksheet, to figure your offer, and if it fits your buyers need/wants, make an offer using the purchase agreement contract w/seller(to lock up the deal) and use the assignment contract to your buyer for your fee

I might tell the buyer about the profit involved in the deal for him,but you should NOT give address until YOU have contract locked on property and even then, you should take them to the property during your "inspection clause time frame"

http://www.deangraziosi.com/real-estate-forums/everything-else/87822/my-...

What about the large profit involved for me? Should my end buyers be made aware of this? I told all of them my intentions when I pre screened them, but I know if someone made $20,000 off me I might look at that more than once.

One buyer in particular asked if I had a set bird dog fee and I said no I would be presenting deals to him that I already have under contract when they become available. He was alright with that on the phone.

Just seems like a lot of money to be made off one deal for such little work.

Frank,

The pay for brain work is MUCH higher than for physical work. Don't worry about it. If your buyer is making the profit he/she wants to make, they should not care how much you make. Besides you already explained to them you WILL be making a profit on the deals you bring them. Do not let them make rules for you.

RENinja

The only way to avoid him knowing what youre making( and he can still find out later when property transfer records come out)is do a double close.
This would require you closing and taking title(using Transactional Funding and other cost) and immediatley selling to your buyer and would cut into your profits

Mike I will pm you on g mail. Thanks Michael I will take a look at your videos. Tammy

Thanks for the input. I will be watching Micheal's links this evening.

Thanks Again Frank,

We have short sales and pre-foreclosures for sale in Atlanta Georgia and they are around 53 cent on the dollar.