Foreclosure University Forum

Avatar

Proof of Funds for Real Estate Deals (General)

by foreclosureuniversity ⌂ @, Wednesday, March 08, 2017, 00:17 (531 days ago)
edited by foreclosureuniversity, Wednesday, March 08, 2017, 00:23

I get this question almost everyday - Do you guys offer PROOF OF FUNDS for deals?

The answer is YES!! We have been offering proof of funds letters for years.

Let me explain how our proof of funds work. All our proof of funds letters are backed by us. What that means is that if you have a legitimate deal that meets our criteria, we have the funds to help you close your deal. And since we don't charge any points, you might want to use us, because you'll get to keep more of your profits.

If you're not using our funds to close your deal and just want a proof of funds letter, just go make up one. In essence, if you're not planning on using money from a private source and just need it to fulfill a requirement, that's all you're doing anyway is making it up. It's better to get it from the individual who is giving you the money.

So YES, we provide proof of funds letters to those who have a legitimate deal and who plan to use our funds to close.

So don't ask for a blanket proof of funds letter. We don't offer those.

As long as your deal fit's our criteria, you can use our proof of funds letters all day long. So what is the criteria for using our funds?

  • Residential or Commercial, we don't care as long as the transaction is less than $600,000.
  • Your end buyer MUST be a CASH BUYER. Sorry, end buyer can't be someone who is getting a loan. It's too complicated anymore and we've decided it's not in our wheelhouse. We want to see money in escrow before we fund our side of the transaction so that way we can eliminate almost all the risk.
  • No rehabs. This is not a long term loan. This is a 1 day closing. We are in the house flipping business. We want to make it possible so you can turn this house quickly to someone else who will rehab it. If you're plan is to rehab, you'll want to find a hard money lender or private lender for those. And when you find one, they will give you a proof of funds letter.
  • The property does need to be in the U.S.
  • We don't charge points either. How is this possible? Instead of points, we charge a membership fee. Why? This way we can train you to become more effective and because it incentivizes you to do more deals. With no points, you get to keep more profits.

If you want to learn more you can go to
www.foreclosureuniversity.com/fastcash/

Hopefully this answers a lot of your questions.

--
Good Luck
ForeclosureUniversity.com

Tags:
proof of funds, transactional funding, REO funding


Complete thread:

 RSS Feed of thread

  • Proof of Funds for Real Estate Deals - foreclosureuniversity, 2017-03-08, 00:17 [*]

User Menu

Forum Search

 

Featured Product

foreclosure home study course
"The Investors Complete Foreclosure Home Study Course - Only $47"

Discover a Proven System for Buying Real Estate Foreclosures 30%, 40%, and 50% Below Market Value. Generate Huge Returns Using This Step-by-Step Foreclosure System.

Learn More - Click Here

Forum Statistics