I place an offer, help

This topic has 2 replies, 2 voices, and was last updated 4 years, 5 months ago by Hecmir.

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- July 6, 2020 at 1:13 pm #1060
  
  Hecmir
  Participant
  
  The buyers agent said I need proof of funds before putting up offers. This is in Orlando, Florida. Is this true? I told her I’m going to flip it. Should I ask a hard money lender for cash?
- July 6, 2020 at 4:31 pm #1061
  
  Harshdeep Ahluwalia
  Participant
  
  Hey Hecmir,
  
  You will need some form of proof of funds. How were you planning to fund the purchase? Conventional loan, cash in the bank, hard money? I suspect you need to figure out and arrange proof of funds. For cash its bank statements. For conventional loan its approval letter.
  
  Not 100% sure what you need with hard money. I suspect you will bees to share the details of the deal to obtain approval for funding with the hard money lender.
  
  Hope this helps.
  
  Harsh
- July 6, 2020 at 9:16 pm #1064
  
  Hecmir
  Participant
  
  Thanks for the response,
  
  I’ll probably send a letter to the owner instead.
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