@Alfred Sharty, here's a better idea, don't try to wholesale on-market properties. 95% of the time the listing agent will discover the assignment clause and will advise their client to not consider the offer. Moving forward, you need to target off-market deals. To acquire some sort of pre-approval letter, consult with a hard money lender.
@Alfred Sharty, here's a better idea, don't try to wholesale on-market properties. 95% of the time the listing agent will discover the assignment clause and will advise their client to not consider the offer. Moving forward, you need to target off-market deals. To acquire some sort of pre-approval letter, consult with a hard money lender.
Ive done 3 wholesale deals, two of which were listed on the MLS but for a very long time. I dont know the website now but I was able to fine one online. Printed it up and it was accepted.
Agree with @Michael Dumler. It wastes everyone's time wholesaling off the MLS. Use the same effort to find good deals off market. There's plenty of bad wholesalers, set yourself apart
Agree with @Michael Dumler. It wastes everyone's time wholesaling off the MLS. Use the same effort to find good deals off market. There's plenty of bad wholesalers, set yourself apar
@Alfred Sharty, here's a better idea, don't try to wholesale on-market properties. 95% of the time the listing agent will discover the assignment clause and will advise their client to not consider the offer. Moving forward, you need to target off-market deals. To acquire some sort of pre-approval letter, consult with a hard money lender.
@Alfred Sharty, to answer your question, I've attached some sites that'll sort you out. However, please take heed of the advice that's been offered in this forum. I merely wanted to provide the resources you were asking for. For a POF letter head over to:
@Alfred Sharty, to answer your question, I've attached some sites that'll sort you out. However, please take heed of the advice that's been offered in this forum. I merely wanted to provide the resources you were asking for. For a POF letter head over to:
Good Afternoon @Alfred Sharty, You can use your own bank statement, your buyers bank statement or you can get a free LEGIT one from my website. It's ONLY meant for wholesalers to use for situations like this and NOT for flip/rehab loan purposes.
And BTW, yes, buying on market listed properties are a different beast, but I buy from wholesalers who negotiate with agents and sellers ALL the time. So it is a niche, HOWEVER you need to be TRANSPARENT with the agent/buyer and negotiate a price with them CONTINGENT on your buyer first. You can negotiate a price, but don't sign a contract until you know your buyer is good, then you can double close or you can sign an amendment or add in special stipulations that the original agents contract IS ASSIGNABLE as a way around and make all things legal and transparent.
Don't listen to all the negative folks that might think there is only one way of operating as a wholesaler.
Click on my website in my signature for that POF. :)
@Avrom W. Smith If you could throw my company name out in the mix too in the future ;) I've got over 80 ALL 5 Star Google Reviews with amazing customer service and 100% success on our loans with wholesalers.
Good Afternoon @Alfred Sharty, You can use your own bank statement, your buyers bank statement or you can get a free LEGIT one from my website. It's ONLY meant for wholesalers to use for situations like this and NOT for flip/rehab loan purposes.
And BTW, yes, buying on market listed properties are a different beast, but I buy from wholesalers who negotiate with agents and sellers ALL the time. So it is a niche, HOWEVER you need to be TRANSPARENT with the agent/buyer and negotiate a price with them CONTINGENT on your buyer first. You can negotiate a price, but don't sign a contract until you know your buyer is good, then you can double close or you can sign an amendment or add in special stipulations that the original agents contract IS ASSIGNABLE as a way around and make all things legal and transparent.
Don't listen to all the negative folks that might think there is only one way of operating as a wholesaler.
Click on my website in my signature for that POF. :)
@Avrom W. Smith If you could throw my company name out in the mix too in the future ;) I've got over 80 ALL 5 Star Google Reviews with amazing customer service and 100% success on our loans with wholesalers.
I am a new wholesaler and I have to putting an offer but the listing agent need my proof of fun. What can I do to obtain that proof of fun?
Proof of fun?!? Send them some drunken pics from your social media! lol
Seriously though, why would you need proof of funds when you aren't going to buy the property?!? Unless you aren't being honest about your intent to wholesale it.