Proof of Funds

[Patricia Thomas]

Can I use my bank line of Credit and a Cashier's as Proof of Funds on my Wholesale deals? and if so how do I present these funds as a Proof of funds to my REO agent. I am new to wholesaling and am interested in making some deals. However, I don't want my personal bank account and other personal information exposed to a Real estate agent or (anyone else) I just met) knowing my TOTAL amount of available cash .

Please advise,

Pat

[Pete T.]

Yes you can use your Line of credit.  Your bank should be able to make it say whatever you want within your limit.  You can avoid showing account numbers for some things, but at some point you will be sharing a lot of that information w/ someone during the transaction.