Making all-cash offers is a powerful tool for investors, but it can be difficult to do if you don’t have the cash to back it up. Fortunately, there are ways to make all-cash offers even if you don’t have the cash on hand. One way is to get a Proof of Funds letter. It is a document that shows the seller that you have the funds available to purchase the property.
Brent Daniels has three simple and effective ways to get your hands on a Proof of Funds letter that will help you in your offer arsenal.
If you want more real estate investing techniques check out Brent’s TTP training program for more winning strategies.
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Show notes:
- (0:54) Beginning of today’s episode
- (1:52) Hard money starts with a group of wealthy people.
- (3:29) Hard money Lenders are in business because they want to lend money.
- (4:12) Reach out to hard money lenders and ask for “proof of funds.”
- (5:45) Having a local hard money proof of funds is more powerful than having more of a national brand.
- (9:18) It is so powerful to be able to offer motivated property owners a “cash as-is” offer.
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Resources:
- Double Close
- Best Transactional Funding
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
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