Proof of Fund

Proof of Fund

Investor · southern California · Member since 2014 · 18 posts · 6 votes

I am new investor and will be using Hard Money Lender but my question is how to make an offer with Realtors who ask PoF and Bank Statement.

I know I can get a letter from my Hard money lender, is that enought?

Thanks in advance

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  • Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    12y

    Proof of funds is usually associated with cash offers. Are you claiming your offers are cash? They're not. Say they're financed and include a pre-approval letter from your hard money lender with the offer.

  • Investor · southern California · Member since 2014 · 18 posts · 6 votes
    12y

    Thank you Jon for the easy explanation.

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