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All Forum Posts by: Dale Manning

Dale Manning has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: New wholesaler - need proof of funds

Dale ManningPosted
  • Posts 1
  • Votes 1

Thank you in advance for your time! I am looking at getting into wholesaling and using on market leads to start out with. I know I will need a proof of funds letter for this; my question to the community is what is the best way to go about getting this? I would be seeking 100% transactional funding and no guarantee that I will need it (other details of the deal will determine an assignment vs double close) but I know I need that POF and frankly don't have the cash in the bank. Is there a tactic that works best? Will hard money lenders just print off 5-10 proof of funds in a day for you if you need it?

If anyone has a solid suggestion for a way to get the POF in Florida I would be happy to take it!

1 Vote