Proof of funds letter with offers
friends,
I'm new to the wholesaling business and I have some questions that I was hoping someone could answer for me.
I'm trying to get my first wholesaling deal and I am currently looking at properties in the MLS. Most of the deals I'm seeing on the MLS are asking for "Proof of funds" letters to be submitted with all offers especially from cash buyers. What should I do when I run across this? I'm looking to assign the contract but I won't be able to get any properties under contract without a prof of funds letter. Any help would be appreciated. Thanks!