BiggerPockets

38 More Mailers

Wednesday, June 24

6-24-09

I transferred the remaining probate leads I had to letters/personal mailers on Monday (6-22-09).  Today, I went and bought stamps and got them mailed out.  A total of 38 mailers.  In the process, I found 4 properties in the probate leads that are already listed.  I was thinking about putting in offers on them to see if there is any motivation there.

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I went to a REIA meeting tonight.  Tonight was a local speaker/investor who covered wholesaling.  I've heard him speak before at a REIA sub-meeting.  I got the business card of an experienced wholesaler which I will be adding to my buyer's list.

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I got an email from my real estate agent saying that any foreclosure properties I want to submit offers on are going to need a proof of funds letter.  I've read that you can use a Coastal Funding letter to get around this issue, but I need to figure out how to proceed while being up front with my agent.  I never mentioned that I would be assigning the deal, but I said I would be bringing in a partner who is a cash buyer to close the deal.  Even if I got a proof of funds letter from a local investor, I can't guarantee he or she will be the person who buys the deal from me...  Please let me know your thoughts and opinions on how to solve this proof of funds issue.  Thanks.

 Brian

Comments

1. 

   Norm Chrostowski Reply
   over 2 years ago

   Very good question Brain, I'd like to know that too.

2. 

   Brian G. Reply
   over 2 years ago

   Hey, Norm, I'm not sure if you saw this or not,. Here is the thread I asked the question in - http://www.biggerpockets.com/forums/93/topics/34883-reos-proof-of-funds

3. 

   Norm Chrostowski Reply
   over 2 years ago

   Thanks Brian

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