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Lisa Meinero
  • Fort Myers, FL
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Assigning contracts/proof of funds

Lisa Meinero
  • Fort Myers, FL
Posted Nov 22 2014, 08:45

Hello All,

I'm not new to real estate by no means just new to the investing aspect.  I am wondering why proof of funds are needed if you are assigning the contract to someone else.  You're not actually getting finances, you're just flipping the contract.  This confuses me.  I have many great deals that I have access to and would like to contract them and assign them to investors.  It's the proof of funds process that holds me back.

Does anyone have any insight on this, ways around needing POF or any resources or tips???

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