Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Donald Weyhrauch
  • Patterson, CA
0
Votes |
2
Posts

Proof of funds from a stock portfolio ?!

Donald Weyhrauch
  • Patterson, CA
Posted

Hello!  Newbie here looking for advice:

While I saved up cash for real estate, I didn't want the money just sitting in a .05% interest rate savings account, so I moved it to a brokerage account and invested in relatively safe large cap stocks to earn a better return than a savings account. I sold off a large chunk of stock to show an "available cash" in my brokerage account when making all cash offers.

Over the past several days the market did great and I lost out on the gains. My question is, can I show a brokerage account value in stock instead of cash? This way it shows I have the money, although it is currently invested in stock, and can easily move that value to cash and transfer to another party within 2 business days. In this way I can still capitalize on market gains and show I have easy to access funds.

Would a seller go for this or does it literally need to be liquid "cash" sitting in a checking account? The stock brokerage I'm using isn't some sort of restricted retirement account with limitations on withdrawals. I don't mind selling off stocks once the title company wants something official.  Can I hand over a statement with 50K value in stock and say "Look I have the cash, it's just in XXXX stock right now."  

Most Popular Reply

User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Yes, usually stock brokerage account “ value” is acceptable. 

Loading replies...