'Cash' offers with 'Proof of Funds' not worth even the paper they're printed on
any tips on how to weed out covertly contingency-type offers from serious direct buyers?
obviously not all investors resort to wholesaling tactics once they get ur attention by flaunting 'all-cash' offers and ' proof of funds' in the excess of millions, but with the advent of MLM in this broke hyperinflative economy, less people/businesses qualify for funding, yet more are inspired by multimedia advertising/marketing/networking to want to 'invest' anyways evenmoreso. or in other words, increasingly individuals/business want to spend more money while they have less available to them. even via credit or 'creative' funding.
at least as of Jan 2014 lenders are bound by the 'New Qualified (QM) Rule' at a nationwide level by the Consumer Financial Protection Bureau, which mandates that even 'PRIVATE' loans require the borrower's total documented debt to income (DTI) including the loan payment isn't over 43%.
so seems more and more than ever resort to creating the facade that they do in order to be taken seriously and appear to be busy actively 'investing' yet more and more properties are in/out/in/out of contract like musical chairs these days until they 'finally' close after much wasted time.
http://cashformyclosing.com/proof-of-funds/
the plethora of sites out there offering 'proof of funds' letters - some like the above offering proof of 'unlimited' funds for a low monthly 'subscription' really take the cake in what 'proof of funds' is apparently being belittled to.
investing in the business arena used to mean expending money for future profit; i'm not sure of the scope of what it means nowadays anymore though.