OfflineWe are Newby's to wholesaling and in were just contacted by a seller who is buying 200 bank owned homes in CA, TN, TX and FL in one lot and said if I'd be interested in any, I'd need to provide them with 'Proof of Funds' and they can send me their list.
So, is this even something I should consider at this point? Or should I be seeking out investors who may be able to provide this?
I really just don't know how to even begin to approach this type of opportunity! Please help!
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Q Miller
RE Investor
Southern California
If you are planning to do a double close on the deals you are looking at, there are a few companies that could provide you with a proof of funds (POF) letter, provided you have a cash investor already in place to compete the double close. One group that could provide that letter for you is insiderscash.com. Just sign up, fill out the information they ask for, and hit submit at the bottom of the page. A letter will be emailed to you in PDF form.
Another group you can use is besttransactionfunding.com. They will also provide you with a letter (that is better worded in my opinion) once you sign up and fill out the information they ask for. This should be efficient enough to get you the list of properties.
here http://www.besttransactionfunding.com/
www.tw4homes.com website
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