https://realestateskills.com/?el=podHere’s EXACTLY How To Get A Proof of Funds Letter For Wholesaling For Free so you can make Cash Offers without paying for software, without any experience, & without making any cold calls. Hope this makes it simple to get your Proof of Funds for real estate!
🔥Watch our FREE TRAINING to learn how to Wholesale, Flip, & Buy Rentals from the MLS without having to do any marketing: https://www.realestateskills.com/watch?el=pod
In this video, Alex Martinez shares “What Is A Proof of Funds Letter?”, “Why It’s Important To Show Proof of Funds To Be A Pro At Wholesaling?,” and “2 Ways on How To Get A Proof of Funds Letter For Free Instantly”.
We put in a lot of effort into this video to make sure you’re able to immediately get a free Proof of Funds Letter for wholesaling houses. The strategies covered here will work for you regardless if you’re advanced or a beginner!
If you’ve been wondering How To Get Proof of Funds, then this is the perfect video to watch, understand, & implement!
👇 As mentioned, you can check out the links below to stack your knowledge of wholesaling!
💰Download the “2 Ways To Get Your Proof of Funds Instantly Step-by-Step Cheatsheet” here:
➡️ https://www.realestateskills.com/proof?el=pod
🏠Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
➡️ https://www.realestateskills.com/watch?el=pod
^Download this so you always have the exact steps for getting Proof of Funds Letters for your wholesaling & flipping business!
What is a Proof of Funds Letter?
A Proof of Funds (POF) is a letter, document, or bank statement proving that a person or company has the financial ability to perform a real estate transaction. When wholesaling & flipping houses with real estate agents, most agents require you to submit a Proof of Funds with each & every offer you submit. This is because realtors want to verify you have the (or access to) cash on hand in order to close the deal.
A POF Letter can be a PDF or even a screenshot of a bank statement.
Keep in mind that your Proof of Funds usually needs to be from within the past 30 days. For example, if you're submitting an offer on July 31st, then the Proof of Funds submitted with your real estate offer needs to be from July 1st, at the latest. 30 days is the standard window that most real estate agents deem as acceptable for approving your proof of funds.
Why is the Proof of Funds necessary for being a Pro at Wholesaling?
If you never understand why the proof of funds is important to have & show, then you’ll always be an amateur at wholesale real estate. See, the amateur never gets a Proof of Funds & once an agent asks for a POF they go radio silent because they do not know how to get one. This typically destroys all rapport & momentum built with the agent up until that point. This means all of your hard work can go wasted if you do not know how to quickly get a Proof of Funds for every offer you submit.
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