hard money- proof of funds?

[Lee Schram]

Hi,

I've been doing my reading on hard money for fix and flip investing and have 2 questions.

1. How do you show proof of funds when using a hard money loan

2. What name is the contract written in? 

thanks

[Eric Munson]

@Lee Schram - apply with a HML and when approved you will get a pre approval letter to submit as POF. Cash offers go to the front of the line though. You will need some cash for down payment to have skin in the game. I have relationships with lenders that will fund 100% of purchase but that comes with time and trust.