How to show Proof of Funds when asked in Wholesale Real Estate?

Name: How to show Proof of Funds when asked in Wholesale Real Estate?
Uploaded: 2024-02-13T19:58:25+00:00
Duration: 35 s
Channel: Tyson Smith
Description: In this brief instructional video, the speaker explains that sellers rarely ask wholesalers for proof of funds, especially for those with experience. He…

13 Feb 2024 · 1 min

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In this brief instructional video, the speaker explains that sellers rarely ask wholesalers for proof of funds, especially for those with experience. He emphasizes that the fear of such requests is often unfounded, noting that in hundreds of deals he’s only been asked once. To preempt any doubt, he recommends using a free script (available via a link in his bio) that makes the wholesaler sound professional and eliminates questioning. If a proof of funds document is actually needed to close a deal, he advises contacting a hard‑money lender to obtain temporary approved funds. The overall message is to stay confident, use the provided script, and have a backup plan with hard‑money financing.

Chapters

How do you get past proof of funds? So, Dan, I think that— here's the thing, man. People who have not actually wholesaled are much more afraid of people asking for proof of funds than people who have wholesaled, because people who have wholesaled know that you almost never get asked for it. I can count on one hand the amount of times over the hundreds of deals that I've done that a seller has asked me for proof of funds. Okay, when you use the script I give away for free, you can all download it using the link in my bio, you will sound like a pro and people are not going to question you. Okay, now even in the event that you needed to get proof of funds to get a deal done, there's plenty of do it. You could contact a hard money lender and ask them to get you approved funds for the deal.