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Multi-Family and Apartment Investing

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James Kojo
  • Rental Property Investor
  • Scottsdale, AZ
223
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184
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Should I provide Proof of Funds without a deal?

James Kojo
  • Rental Property Investor
  • Scottsdale, AZ
Posted Sep 11 2017, 17:42

I'm trying to break into a new market, so I don't have any track record there. I've heard that some commercial brokers will ask for a proof of funds before they even show you a deal, if they don't know you.

Are there any compelling reason why I should or should not provide a POF (if requested) as part of my credibility kit? Whenever I provide POF as part of a deal, I always blank out my account number and mailing address.

Thanks!

James

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