All Forum Posts by: Jenny Tran

Hi everyone, thank you for all your responses. I’ve learned a lot and realized that what I’ve been taught wasn’t the correct way and reached out to hard money lenders that are willing to offer a proof of funds. However, I also decided to switch my focus to wholesaling so I can build up my funds and capital before I dive into rehabbing. Thanks again everyone 

Hi everyone,

New real estate investors here interested in fix/flipping properties. I attended an investment boot camp which helped us get a proof of funds letter, but I've had agents try to confirm that it is our funds when it's not exactly ours. I know there are websites that allow you to input your name and the amount of money you've been approved for and you can use hard money lenders to help with the closing, but is this a situation where you're supposed to "fake it until you make it"? We're new college grads and don't nearly have as much as the proof of funds letter states that we have, so I'm not entirely sure how to answer the agents who ask about our POFs. It's a little discouraging but I'm trying to not let it affect our ability to fix/flip properties. Any advice would be greatly appreciated, thank you! 

Hi everyone! We are Jenny and Ray, recent college graduates from UC Riverside hoping to start our fix/flip journey. We have been preparing everything needed for a fix/flip (hard money lenders, LLCs, POFs, etc) but have yet to successfully close on a deal. But I feel that we are so close! We're excited to be a part of BiggerPockets and hope to network with as many people as we can.