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Updated over 12 years ago on . Most recent reply

Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Investor
  • from Miami, Florida
  • Member since Aug 21, 2012
Connect

User Stats

136
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5
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Mike Nelson's profile image
Mike Nelson's profile image
Mike Nelson
  • Investor
  • from Miami, Florida
  • Member since Aug 21, 2012
Connect
Mike Nelson
  • Investor
  • Miami, FL
5
Votes |
136
Posts
Foreclosures

Question about bank statements for REO offers

Mike Nelson
  • Investor
  • Miami, FL
Posted

Was wondering for the guys who have the cash. Say you have an REO you wish to make an offer of 85K. How much do you feel comfortable showing how much you have on your bank statement? In otherwords if you had 200K in an account, do you want to show the bank you have all that extra money?? Just wondering if there was a strategic approach to this. Also, what do most investors hold funds in, savings account with a bank, jumbo money market account? Thanks!

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