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Updated about 4 years ago on . Most recent reply

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Karen Villarreal
  • New to Real Estate
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Proof of funds… …… ……

Karen Villarreal
  • New to Real Estate
Posted

So in order to get money for a deal you have to find a deal first and have it under contract, but in order to have a deal under contract you need proof of funds… so how do you get that proof of funds to make offers? 

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

You want to already have the money before you approach a deal. So in the bank or in another property, or a pre-approval letter from a lender, (but they'll want you to have some $$ of your own). I don't know how you do it with no money.....

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