Newbie Questions about Proof of Funds
When a wholesaler puts a property under funds, do they have to have proof of funds? How can they if they don't know who from their buyer's list (if anyone) will purchase the property. (If I had the funds, I'd just buy the property myself.) Do REO/foreclosures require POF? If so, am I then precluded from putting these properties under contract while I offer it to my buyer's list? I appreciate everyone's help.