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Updated over 4 years ago on . Most recent reply

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Oliver Ridgle
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How do I provide proof of funds

Oliver Ridgle
Posted

I believe I’ve found a good deal and need help establishing proof of funds in order to get house under contract how do I do this The house is destressed being sold at 25,000 but neighborhood comps are 150,000 up

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Aaron W.
  • Rental Property Investor
  • Northern Virginia
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Aaron W.
  • Rental Property Investor
  • Northern Virginia
Replied

@Oliver Ridgle Congrats on finding a property to invest in.

I've traditionally shown a bank or investment account with the necessary funds to cover the transaction as a proof of funds, if you are paying all cash.  Otherwise, a prequal or preapproval letter from a lender will also work if you are financing the transaction.

Best of luck!

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