proof of funds for wholesale deal

[Lucas Duncan]

if i want to lock up a wholesale deal with a seller and we agree on a price am i going to need to provide the seller with some sort of proof of funds even tho i plan on assigning it to an end buyer? im not really clear on how this works any advice would be greatly appreciated

[Wayne Brooks]

I assume you told the seller that you're actually buying it? If they are informed, or have an agent, yes they will require a POF. Either you have the money or you don't....that's what a POF is for. If you don't have the money then you can't show Proof of it. Wholesalers need to find uninformed or desperate sellers.