Getting Started Wholesaling REO Houses? If so Watch the Video Below.
Welcome to another House Flippin' 101.
In this episode we're going to discuss the truth behind proof of funds when wholesaling REO houses.
The question is...
"Do you need to submit bank statements as Proof of Funds?"
To answer that question from my "own" personal experiences, the answer is NO!
I've never had to submit POF in the form of a bank statement. I've only submitted Proof of Funds letters.
In my opinion the Realtors are the ones asking for POF in the form of a bank statement. So there are some suggestions in the video that I think you should consider when working with Realtors on your REO deals.
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