Proof of Funds for wholesalers

4 Replies

@Brian Van Pelt approaching the seller, they are aware that I’m interested property, but not that I’m a wholesaler. I’m not sure if people hate wholesalers where you reside but they hate us over here. I get suggestions to let them know I’m wholesaling, but that usually doesn’t go far because lack of knowledge on their end...

List, Screen, Lease, Get Paid, Manage.
No Better Place to Lease Your Place
Owners rely on the #1 rental site to get the best results from their rental properties.
Get Started Now

@Kaylin Williams

... and that is the issue. Your intent is to wholesale the property. Sellers are looking to sell their property. When you enter into a contract with the purpose of buying the property , you have your financing in place which includes proof of funds. By entering into a contract with the intent to consign the contract to a buyer, that's practicing real estate without a licence. Contracting without intending to purchase is also fraud.

any business its about your reputation , you build it one transaction at a time. I think you misunderstand what wholesaling is and is not in relationship to what is legal and what is illegal.