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How To Get A Proof of Funds Letter For Wholesaling (FREE!)
Рет қаралды 54,569
Күн бұрынHere’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!
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:
➡️ www.realestate...
🏠Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
www.realestate...
^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.
On the flip side, Pro Wholesalers understand how to easily & quickly get our Proof of Funds first before submitting offers so that we never run into future issues, like an agent asking for our Proof of Funds when we do not have one!
This is what being a Pro Wholesaler is about. This is why we consider the Proof of Funds as the “Golden Ticket” - because it gives you the official credibility needed to be able to submit offers on property without any questions asked. This is why & how YOU will stick out from the rest of the pack. Having a proof of funds letter with each & every cash offer will make you credible & get you taken seriously.
2 Ways on How To Get A Proof of Funds Letter For Free Instantly
Be sure to watch the video for step by step instructions on how to get unlimited proof of funds letters instantly by utilizing efficient proof of funds generators online. In the video, I shared my screen to show exactly how to fill out the proof of funds correctly for your cash offers & wholesale deals.
Be sure to download the “2 Ways To Get Your Proof of Funds Instantly Step-by-Step Cheatsheet” we created for you here: 💰 www.realestate...
^Now you’ll have the step by step instructions on you at all times!:
CHAPTERS:
0:00 Intro
0:23 What is a Proof of Funds Letter?
1:15 Why is the Proof of Funds necessary for being a Pro at Wholesaling?
4:45 How To Get A Proof of Funds Letter Instantly (1st Walkthrough)
12:18 How To Get A Proof of Funds Instantly (2nd Walkthrough)
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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
@RealEstateSkills Жыл бұрын
🔥 Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: www.realestateskills.com/training?el=pofyt
@12Prophet Жыл бұрын
First off... Thank you... For not paywall-ing this information. There are other vets in the business that are respectable in their own right, but rope people into buying into a monthly membership fee ($100) just to have access to these documents without mentioning alternatives. Little things like this get people stuck in analysis paralysis if they know they're missing things like this before getting started. Myself included as I was expecting having to break down and just fork over the $100 to have access to POF Letters. For someone just starting out, with very little cash to work with... $100 makes a difference, it really does. So again, thank you for this information.
@RealEstateSkills Жыл бұрын
Hey Matthew - you're welcome. Getting a Proof of Funds shouldn't be a bottleneck for anyone. Cheers & Happy Wholesaling 👍 Appreciate your thoughtful comment. Please Subscribe to our Channel if you dig our content. We'll keep coming out with more wholesaling gems.
@dannyantone685 Жыл бұрын
Matthew U so right, we little guys with less pocket change surely can relate n October I bought n 2 a certain membership for POF, 2 days ago I saw it on my bank statement didn't even remember I purchased it over a month ago no more being foolish, this content was what I needed bcuz I made that mistake of looking not professional making an offer without POF with a realtor. This helps me tremendously thank U, thank U, thank U, 2 B continued
@marquishenderson2674 Жыл бұрын
This is the stuff that makes me want to spend money with him
@safarichannel1260 6 ай бұрын
This was indeed helpful, Thank you Alex
@waevcycle 5 ай бұрын
well said. This is a prime example of ‘community service’ content. Giving away this valuable information for free has no choice but to come back around to you. Much love !
@cthomas6123 5 ай бұрын
Wow man. Wow. Can't believe you freely gave this info. Everybody else wants to charge. Thank you, thank you, thank you, thank you.
@RealEstateSkills 5 ай бұрын
We're happy to help, C Thomas! 😊
@yencicerrato7913 5 күн бұрын
@@RealEstateSkills can we send this for a lease agreement??
@janjaylangelo4 10 ай бұрын
Alex, your parents raised you well! Wherever they are I'm very sure they are 100% proud of you for getting these GOLDEN or should I say PRICELESS information and tools for free. These information is so valuable for someone with not enough funds to be REI. Thank you, Thank you☺️. Thank you☺️. GOD BLESS YOU MORE!!!
@RealEstateSkills 10 ай бұрын
You're very welcome, janjay! We hope you take this information and run with it and we wish you the best on your real estate investing journey! 🚀 Cheers! 🏠
@Stallion.5577 10 ай бұрын
Yes Janjay, I agree 120% and over ! 💪🤓 He's one hell of a great guy ! 👍 U don't find them just anywhere.
@RealEstateSkills Ай бұрын
💙
@CEO.Martin 9 ай бұрын
Thank you so much 😊 just secured the document I need for a $250k assignment fee
@RealEstateSkills 9 ай бұрын
LFG, CEO.Martin! 🚀 We would love to hear more about your deal! Cheers! 🏠
@massdusters5163 5 ай бұрын
Did u close on DEAL YET ???
@Chiego08 3 ай бұрын
@@massdusters5163i would like to know too
@RealEstateSkills Ай бұрын
Any updates?
@angelvazquez4457 Жыл бұрын
Wow..I've been studying videos for 3 months now..even at work🤫. Your the only person who gave a step by step to find POF letters. Than you so much
@RealEstateSkills Жыл бұрын
Hey Angel! Appreciate the love! :) Wishing you nothing but the best on your real estate journey! Crush it!
@thecashhousebuyersteamh4921 4 ай бұрын
He’s a real one that’s why. Half the things that these gurus charge for are available free to you on KZfaq. Most are too lazy to just search
@anthonymuhammad4140 4 ай бұрын
Thank you, a seller today was asking me a POF, life saver.
@Chiego08 3 ай бұрын
Is this your first time starting wholesale? My husband and I are trying to start wholesale and we are like “oh my goodness?
@jashonsauce 3 ай бұрын
broooo wtffff how are we all going through this rn😅😂😂😂
@RealEstateSkills 3 ай бұрын
Happy to help, @anthonymuhammad4140! 🚀 Cheers! 🏠
@cuhhrizma1884 Жыл бұрын
I been watching your videos past 2-3 days and it’s helped me so much understand more with step by steps and the information needed to get started, Thank you 🤞🏽
@RealEstateSkills Жыл бұрын
Great to hear! Super glad our content is resonating with you. We only work at putting out the best wholesale real estate content! Thanks for the love! Cheers & Happy Wholesaling! 🏘🚀
@sumayaa.1760 Жыл бұрын
Have you taken a step to find or make a wholesaling deal?
@carolynstrachan1416 4 күн бұрын
Thank you so much. I've been waiting for this for so long.
@carriefrechette4252 Жыл бұрын
Thank you so much for these videos. You are not only building your personal kingdom, but are building a kingdom in heaven for helping all of us just beginning our wholesaling journeys. Very much appreciated!!!
@RealEstateSkills Жыл бұрын
Thank you very much, Carrie! We love to hear when people love our videos! Cheers! 🏠
@michaelrojan8435 Жыл бұрын
Thanks Alex !! All of us aspiring Wholesalers needed to see this.
@RealEstateSkills Жыл бұрын
You got it, Michael! Cheers & Happy Wholesaling! 🏘🤘
@Niiji13 Жыл бұрын
Alex, all I can say is thank you so very much! I have been scouring the internet looking for just this one thing. And here, you have provided not one, but two sources for proof of funds! As a token of my appreciation of I have like, subscribed and hit the bell icon. Much more success to you!
@RealEstateSkills Жыл бұрын
You're very welcome! Glad I could help! Cheers to your success! 😎🏘 CRUSH IT!
@TheFairy1992 23 күн бұрын
This was SO HELPFUL!! Thank you! Subscribed
@RealEstateSkills 22 күн бұрын
@TheFairy1992 Thank you for the sub! 🙂💙
@ryanzomorodi Жыл бұрын
Epic tips for getting a proof of funds letter (POF) when you're submitting offers on properties! Perfect for both wholesalers and real estate investors. Thanks for the clear, concise, and quality video as always!
@RealEstateSkills Жыл бұрын
Absolutely! When working with real estate agents, the Proof of Funds Letter is essential for making offers of the highest quality & getting cash offers accepted! 🏘
@ggswellnesscenters Жыл бұрын
Extremely helpful. The Ghurus are charging $1000 minimum for proof of funds
@RealEstateSkills Жыл бұрын
So happy you found this information helpful Reginald! Thank you for taking the time to comment! Cheers! 🏘
@josh2nicef153 Жыл бұрын
Appreciate you breaking everything down. I've watched your step-by-step video on wholesaling so I'm currently on step 1 ready for this journey.
@RealEstateSkills Жыл бұрын
Hey Josh! You got it man. Appreciate you leaving a comment. Let's know we're on the right track! Super glad you watched our step-by-step wholesaling video. Crush those steps & make it happen! Also, please Subscribe to our channel when you get the chance! Definitely want you to know when our next video full of golden nuggets will be coming out! Cheers & Happy Wholesaling, Josh! 🏘🚀
@soullessmisfit7812 Ай бұрын
how is your journey going cause im about to start myself
@jammingalways 11 ай бұрын
LIFE CHANGING! Two years I've been trying to make something happen. Thank you. :)
@RealEstateSkills 11 ай бұрын
You got this, Jamming! 🚀 Cheers! 🏡
@ShinJestuStyle Жыл бұрын
Thank you!!! Other people was charging me for POFs... This is a relief.
@RealEstateSkills Жыл бұрын
BOOM! You got it, Daniel! Keep crushing it my friend! Please shoot us a subscribe so you're notified when our next great piece of content comes out on wholesaling real estate! Cheers & Happy Wholesaling, Daniel!
@Mahoganiknows 8 ай бұрын
So glad I came across this! Thank you so much!
@RealEstateSkills 8 ай бұрын
We're happy to help, Mahogani Hills! Cheers! 🏠🙂
@RonaldPaschal Жыл бұрын
Great content. Stumbled across your channel attempting to problem solve how to get a deal done through an agent. I believe this is exactly what I needed. Thank you sir.
@RealEstateSkills Жыл бұрын
Hey Ron, super glad you found this helpful my friend! We've been doing deals with agents consistently for 10+ years. You came to the right place! :) If you haven't yet, definitely Subscribe because we'll be coming out with more & more content on wholesaling & flipping houses from the MLS and with real estate agents! Cheers!
@renegading1 10 ай бұрын
Alex, thanks so much for this video. I have just begun transacting commercial properties and this video is a lifesaver. You're the bomb!!!
@RealEstateSkills 10 ай бұрын
We love to hear that, Greg! We're stoked you're getting deals across the table and our content assisted you! 🚀 Keep it up! 🏠
@Ashley_Brown85 Жыл бұрын
Wow thank you for this. I diving back into wholesaling and you aee the only one i found so far that shows how to get the POF and explained without making us pay for it... Thank you cuz most of us are starting out with no money 🙏🏾🙏🏾🙏🏾❤❤
@RealEstateSkills Жыл бұрын
You're very welcome, Ashley! That's where most of us start. This is why we feel wholesaling is one of the best ways to get into real estate investing. You got this! 💙 Cheers & Happy Wholesaling, Ashley! 🏚️🛠️🏠
@Ashley_Brown85 Жыл бұрын
@@RealEstateSkills 🙏🏾🙏🏾🙏🏾❤❤❤
@d8nH1r 23 күн бұрын
Saved my life appreciate you
@RealEstateSkills 22 күн бұрын
@d8nH1r Glad you see the value in what we teach here! Make sure to sub so you don't miss out on future videos like this.
@zekiahlee34 2 ай бұрын
Oh my Goodness thank you so much for this may God bless you
@RealEstateSkills Ай бұрын
@zekiahlee34 You're very welcome! 🙂
@MrDarkRoast9.9 11 ай бұрын
Great video and extremely helpful . Valuable content like this deserves my endorsement & subscription - glad to join the the team.
@RealEstateSkills 11 ай бұрын
We're happy to hear you enjoy the content, MrDarkRoast! We work hard to share our experience and knowledge. Thanks for showing some love in the comments! 🚀 Cheers! 🏠
@josecuenca3916 7 ай бұрын
This is the most useful video I saw this year!!!
@RealEstateSkills 7 ай бұрын
That's what we love to hear, Jose Cuenca! Now turn what you learned into action. 🚀 Cheers! 🏠
@JohnRoche-de1fl 4 ай бұрын
Good afternoon Alex, I'm very interested in the wholesale market. Watching your videos has helped me a lot and understand the wholesale market
@RealEstateSkills 4 ай бұрын
We're happy to help, @JohnRoche-de1fl! 💙
@loe7714 Жыл бұрын
I am glad I found your page, when you were explaining about the on market deals and being an amateur at 2:00, all I could do is laugh when you said “radio silent” 🤣
@RealEstateSkills Жыл бұрын
Glad you got a good laugh, Loe! 😆 This is definitely an important step to have your POF (Proof of Funds) ready and sent with each offer. Make yourself stand out from the pack and present your best foot forward! Cheers & Happy Wholesaling, Loe! 🏘🚀
@loe7714 Жыл бұрын
@@RealEstateSkills thank you
@SeliaWilliams-x8j Ай бұрын
you're amazing, thank you!
@RealEstateSkills Ай бұрын
@SeliaWilliams-x8j We're happy to help!
@user-zn2yl2km3h Жыл бұрын
This was a great video, Solved my little road block instantly! Thank YOU!
@RealEstateSkills Жыл бұрын
You're very welcome, User! 😊
@Stallion.5577 11 ай бұрын
Hi Alex ! I really like the way you prepare and make your videos on this platform. You are being very helpful to those out there, including myself, that wants to make a career and a success of real estate investing, property Wholesaling, fixing & flipping etc. Its good to see there are people and leaders out there, that are not selfish with their success and how they achieved it, but are willing to share and help others genuinely to also achieve. thanks Alex, you being a great guy. I wish you more & more success with whatever you decide to do with your life, and those that you love, also included.👌 U go boy ! 👍
@RealEstateSkills 10 ай бұрын
Thank you for the kind words, Stallion! 💙 Cheers and best of luck on your real estate investing journey! 🏠
@Stallion.5577 10 ай бұрын
@@RealEstateSkills Thank you for reply in fact, it tells me you are interested, and above all, quite very professional, and I like that. As soon as I have achieved, I will let you know. Make no mistake, I will let everyone know that I learned it from you.👌 Take care, I live out in South Africa.
@BlueSky-gu1vn 8 ай бұрын
@@RealEstateSkills Thanks for the info! What if you want to flip it instead of assigning? I've flipped a few homes, but my cash is currently invested in the home where I live with my wife and kids.
@Aatnetwork77 Ай бұрын
Thank you what a blessing glory to God for your service to is
@RealEstateSkills 29 күн бұрын
@Aatnetwork77 Thank you for the kind words! Make sure to sub so you don't miss any future videos.
@Aatnetwork77 29 күн бұрын
@@RealEstateSkills Yes sir
@RealEstateSkills 26 күн бұрын
🙂
@darrellscruggs5834 Жыл бұрын
Thanks, this was very helpful, didn't realize the proof of funds were needed!
@RealEstateSkills Жыл бұрын
You're very welcome, Darrell! Including a POF (Proof of Funds) letter with your offers is a key step that makes you stand out compared to other offers that don't include it. It is a standard that professionals expect, so always include this step when putting in offers. Cheers & Happy Wholesaling, Darrell! 🏘🙂
@maryadesanya7504 Ай бұрын
Thank you Alex, you are such a gem.
@RealEstateSkills Ай бұрын
@maryadesanya7504 Happy to help! 🙂
@user-wk1jj6cy2q Жыл бұрын
I've just started watching your videos. Thank you for giving clear step by step information on each subject. Your content has been very helpful.
@RealEstateSkills Жыл бұрын
You're very welcome, Celita! That is very exciting that you are starting your journey as a real estate investor! Thank you for the kind words and you got this! Cheers! 🏘💙
@LubaSantelo Ай бұрын
Am watching from south Sudan I want become of real state developer and I like the presentation
@RealEstateSkills Ай бұрын
@LubaSantelo That is a wonderful goal and thank you for the kind words!
@donaldmatthews6419 Жыл бұрын
This information was very helpful. Thank you for your great content.
@RealEstateSkills Жыл бұрын
You're very welcome, Donald! We are happy to hear you're loving the content.💙 Cheers! 🏠
@juliesmith652 Жыл бұрын
Thank you so much for doing all of this for free!!!
@RealEstateSkills Жыл бұрын
Hey Julie! You're welcome! Thanks for leaving a comment! Please hit Subscribe if you haven't yet! ;) Cheers & Happy Wholesaling!
@ywfteddy3387 Жыл бұрын
It was very helpful thank I’m starting my real estate company by following you I really appreciate it 👍🏽👍🏽🙏🏽🙏🏽
@RealEstateSkills Жыл бұрын
Congratulations! We're so happy to hear that our content gave you the push to move forward on your wholesaling journey! As questions arise don't hesitate to ask questions! Most people also question how to talk to cash buyers early on so I suggest you watch our other video: kzfaq.info/get/bejne/r7Z0dbGgsM2thaM.html Can't wait to hear all about your first wholesale deal! Cheers & Happy Wholesaling! 🏠😊😎
@aquarius6440 11 ай бұрын
You are so awesome I was stuck until I wacth your video.
@RealEstateSkills 11 ай бұрын
We're happy to hear you loved the video, Aquarius! 🚀 Cheers! 🏠
@robinbrown9320 Жыл бұрын
I find your videos very helpful. I appreciate you. Thanks so much!
@RealEstateSkills Жыл бұрын
You're very welcome, Robin! We're happy to hear that you find our content helpful! Cheers & Happy Wholesaling, Robin! 🏘😊
@BrandonLuis Жыл бұрын
Just recently joined the pro wholesaler course let’s get it!
@RealEstateSkills Жыл бұрын
Congrats! Time to roll! Let's go!
@officiallakervf4030 Жыл бұрын
Wow a lot of knowledge very very informative always on every video this is like life hacks man got me feeling excited.
@RealEstateSkills Жыл бұрын
:) Appreciate the comment & support! Glad you dig! Definitely subscribe if you haven't yet. We'll be coming out with more great content around wholesaling & real estate investing!
@Peaceful24543 11 ай бұрын
Thank you so much, All your videos are helpful a lot for me as a newbie REI. God Bless you. ❤
@RealEstateSkills 11 ай бұрын
Hello, Rosa! We appreciate your support, and we're ecstatic you love the video! 💙 Cheers! 🏠
@mutakkamuhammad6267 Ай бұрын
Thank you!
@RealEstateSkills Ай бұрын
@mutakkamuhammad6267 You're very welcome!
@afterjunkllc1320 11 ай бұрын
This is great content. Thank you.
@RealEstateSkills 11 ай бұрын
You're very welcome, After! 😊 Cheers! 🏠
@dgarcia6271 Жыл бұрын
Oh man.. thank you so much! 🙏 God is good!
@RealEstateSkills Жыл бұрын
You're very welcome, Garcia! 🚀 Cheers! 🏠
@margaretdebellottems.dthej6555 Жыл бұрын
Thanks for the information. I’m sharing it with my circle as we begin our journey to wholesaling real estate.
@RealEstateSkills Жыл бұрын
You're very welcome, Margaret! Appreciate you sharing the knowledge!
@kamleshthakkar3810 Жыл бұрын
Thankyou very much for your presentation. Alex wishing you a very Happy & Prosperous New Year. Please do presentation for commercial wholesale deals on Apts and other things.
@RealEstateSkills Жыл бұрын
Hey there again, Kam! Thanks for taking the time to comment, and we and the team hope the same for you! Thanks again for the suggestion, and I will add it to the list. Cheers & Happy Wholesaling, Kam! 🏡😊
@jasonFerguson-zu7hd 11 ай бұрын
Brilliant bro! Thanks for all you do!!
@RealEstateSkills 11 ай бұрын
We're happy to help, Jason! 🚀 Cheers! 🏠
@user-jj5ov4tc6x Жыл бұрын
This was extremely helpful. My question, once I have the property under contract. Is there a template/proposal/package I should use to market the property to cash buyers?
@RealEstateSkills Жыл бұрын
Hello, Tarsha! We do have what we call a "Platinum Platter" we provide to our students in our Pro Wholesaler VIP Program. You can check out our free training here then book a call with our team to see if we are a good fit for each other here: www.realestateskills.com/training?el=pofyt In general, you should know your cash buyers buying criteria and bring properties you know they want. Once you have it under contract, you can call them and run through the numbers. Cheers! 🏘🚀
@user-rf7wu4wk5e 6 ай бұрын
Great Stuff. Thank you. You're the man.
@RealEstateSkills 5 ай бұрын
We're happy to help, David Schutzman! 😊
@collinbaptiste5619 10 ай бұрын
Thanks, Alex. This video is very helpful. You are a frequent genius.
@RealEstateSkills 10 ай бұрын
Thank you, Colin! 💪 Cheers! 🏠
@terrilvanhemert Жыл бұрын
This was helpful. Thank you! 🔥🐊
@RealEstateSkills Жыл бұрын
You're very welcome, Terril! We love to hear our content was helpful. Cheers, & Happy Wholesaling! 🏠
@HelpOutz 5 ай бұрын
A lot of times, RE agents might ask for your bank statements to show that you do have some capitals.
@RealEstateSkills 5 ай бұрын
Hello, John V! We've been using this method for years and it has worked great. You also can show your bank statements or your cash buyer's statements. This is just one of the easiest ways to get a POF letter for your deals. 😊
@fenzmuffin0278 Жыл бұрын
Great video man, thank you for continuing the content
@RealEstateSkills Жыл бұрын
Hey! Appreciate your comment! You're very welcome! Please shoot us a Subscribe if you haven't yet! We'll keep the gold coming :) Cheers & Happy Wholesaling! 🚀🏘
@The_TMAX Жыл бұрын
Great vid, I like the background design.
@RealEstateSkills Жыл бұрын
Thanks Thomas! Glad you liked the vid and learned a couple things about the proof of funds! We recently remodeled our studio. Thanks for noticing! 😎
@DarelJettSmith Жыл бұрын
you deserve a sub for that! Thank you!
@RealEstateSkills Жыл бұрын
Thank you, Darel! 🙂 Cheers! 🏠
@Musicandufos 6 ай бұрын
Got a new sub brother good stuff 🎉, very helpful
@RealEstateSkills 6 ай бұрын
We appreciate the support, UFOSnMusic! 💙
@littleladyproperties1874 Жыл бұрын
This was another excellent video!!! You are making me into an excellent wholesaler!!!
@RealEstateSkills Жыл бұрын
Hey thank you so much for your comment! :) We put a ton of time & effort into these vids for you! You are becoming an excellent wholesaler! Let's go!!! Now you know a great amount about the proof of funds! ;) Which is KEY knowledge for any wholesaler! Cheers & Happy Wholesaling! 🏘
@shykirasmith3049 6 ай бұрын
WOW, simply just thank you!
@RealEstateSkills 6 ай бұрын
You're very welcome, Shykira Smith! 🚀
@jcoburninvestmentsllc-gb4sr Жыл бұрын
You are the GOAT bro!
@RealEstateSkills Жыл бұрын
Thank you, JCoburn! We put a ton of effort and 10+ years of experience in real estate investing. Cheers & Happy Wholesaling, JCoburn! 🏘💙
@phatbtn8879 Жыл бұрын
These are really good gems here and In all your other videos. I came across your channel and subscribed and turned notifications on after the first video alone. I appreciate the free game and god bless 💯🙏🏽
@phatbtn8879 Жыл бұрын
Also, I understand that they might not always pick up the phone but are the deals guaranteed to go through once realtor approves and the company approves? Or should I ask do they actually review every offer that gets accepted by a realtor to see if it’s something they wanna follow through with as well or is it more like you get lucky if they even review the offer you sent out and got accepted from the realtor?
@RealEstateSkills Жыл бұрын
Hey there! Thanks so much for the comment! :) Glad you dig the channel! There will be tons more coming out! God bless!
@RealEstateSkills Жыл бұрын
Hey there, a great perspective is to think that a deal is never guaranteed until the deal has actually closed and the money is in your account. If you don't think this way, then you will once you start getting experience! One of the first goals is to get the contract "executed". This means that you have signed the contract and the SELLER has signed the contract. Now the contract is executed & binding. Now you own the contract rights as the first original buyer. Once this is the case, now you contact your Cash Buyers (who you should have already talked to and have a relationship with) and the Cash Buyer who wants the deal will pay you an assignment/wholesale fee. Your questions got a little wordy and confusing. If my response didn't answer your question, then please re-word it in a more concise manner! 😎 Cheers & Happy Wholesaling! 🚀🏘
@phatbtn8879 Жыл бұрын
@@RealEstateSkills yeah I tend to do that sometimes lol let me try again. Do these companies actually get involved in the offer you’re trying to bring to the table (potential cash buyer) or are they only used for the proof of income letter? like they don’t actually look at the info you submit to them for the offer you’re trying to send out they just send you the letter you need and that’s it?
@RealEstateSkills Жыл бұрын
No these companies don't get involved in the offer you're trying to bring to the table. They're only used for the proof of funds letter, they send the letter automatically to you. The only time you'd actually use the funds from this company is if you wanted to use them for transactional lending and double close a wholesale deal. But once again, you do not need to use their funds. You can use the proof of funds letter as a means to get the deal under contract and you can then assign the contract to a cash buyer and get a wholesale fee.
@ricaudpierre3944 Ай бұрын
Great video ❤
@RealEstateSkills Ай бұрын
@ricaudpierre3944 🔥🚀
@user-qg4ve2ls4l 5 ай бұрын
Super helpful video - well done and I will be subscribing and watching more! Question: When wholesaling and working with an agent, do they ever question the validity or credibility of these POF letters? Just wanting to prepare myself with the right answers to questions that may come my way. TIA!
@RealEstateSkills 5 ай бұрын
Hello, Lori Jersey! Sometimes they may ask to reach out to the lender and that is fine. These are legitimate hard money lenders. Also as you build a relationship with your cash buyers you can use their statements as your POF. Cheers! 🏠
@user-qg4ve2ls4l 5 ай бұрын
thank you for the reply. Very helpful!!@@RealEstateSkills
@RealEstateSkills 2 ай бұрын
@user-qg4ve2ls4l No problem happy to help! 🙂
@Prospecting.with.cristian Жыл бұрын
Thanks for this bro 💪🏽
@RealEstateSkills Жыл бұрын
Glad you dig it! You’re welcome. 😎 Time to get after it!
@robertf.williams5817 Жыл бұрын
It was very helpful!!!
@RealEstateSkills Жыл бұрын
Thank you for the kind words and appreciation, Robert! 💙 Cheers! 🏠
@silversorcerer9316 Күн бұрын
Thanks I subbed , I'm confused , what if I want to buy a house , but I do not have the funds in my account yet because Im getting the funds from an investor . The Realtor wants a POF along with my house offer . I won't have the money from the investor at the time I make the offer for the house.
@HometownRealEstateSolutions Жыл бұрын
Thank you for the clear and concise video!
@RealEstateSkills Жыл бұрын
No problem, Hometown! Glad you enjoyed the video! We put a ton of effort into these videos so it's always nice to see a viewer drop into the comments and share some love. Thanks, Hometown! 🏘💙
@iteation6572 9 ай бұрын
Loved it simple and helpful
@RealEstateSkills 9 ай бұрын
Thank you, ITeation! We're happy to hear you enjoyed our teaching method. Cheers! 🏠
@kattiagordon1900 Жыл бұрын
Alex thank you for taking the time to show us so much. I'm a little confused. my funds will eventually come from a cash buyer, is this almost like a filler to be able to get access to property info?
@RealEstateSkills Жыл бұрын
Hey Kattia, appreciate you leaving a comment! Thanks for the comment! Yes, the Proof of Funds Letter needs to be looked at as a "means to an end" to getting your offer (and you) taken seriously by the real estate agent. It doesn't matter where the source of funds actually comes from when it times to close on the deal!
@LexDiamonzz Жыл бұрын
What if the agents decide to call/contact the Funding Company?
@kJavo-qu5yq Жыл бұрын
That’s what I need know too
@Weekendfreerunner Жыл бұрын
is it legal?
@kJavo-qu5yq Жыл бұрын
@@Weekendfreerunner fund smart every heard of it ??
@RealEstateSkills Жыл бұрын
That's totally fine, Fury! These companies are legitimate hard money lenders. Cheers! 🏘
@NE0ai 5 ай бұрын
you’re amazing bro thanks
@RealEstateSkills 4 ай бұрын
We're happy to help, @NE0ai! Cheers! 🏠
@Andrew-zi7cn Жыл бұрын
I was SUPER HELPFUL THANK YOU!!!!
@RealEstateSkills Жыл бұрын
You're very welcome, Andrew! We're happy to help! Cheers!🏘💙
@jeanpaulsaintil3035 Жыл бұрын
thank you for the content! very helpful. Do these sites provide actual funding as cash buyers if the offer is excepted and we don't necessarily have a cash buyer lined up?
@RealEstateSkills Жыл бұрын
Hey JeanPaul, you are very welcome! These two sites specifically provide transactional lending which is short term lending (think 24-72 hours). If you want longer term capital to actually buy a deal to renovate it and re-sell it, then check out Hard Money Lenders & Private Money Lenders rather than transactional lenders.
@roberttaylor2641 8 ай бұрын
ALEX youra life saviour
@RealEstateSkills 8 ай бұрын
🚀💙
@kenwilliamson2948 Ай бұрын
Hey man your RAD!!!!!!
@RealEstateSkills Ай бұрын
@kenwilliamson2948 Thank you! Glad to see you liked the video. 🙂 Make sure you sub so you don't miss out on future videos just like this!
@sessinganderson5065 4 ай бұрын
very helpful. thank you
@RealEstateSkills 4 ай бұрын
You're very welcome, @sessinganderson5065! 🙂
@jenniferoviawe Жыл бұрын
Good job on this video. 👏🏿👏🏿
@RealEstateSkills Жыл бұрын
Thank you, Jennifer! 💙 Cheers! 🏘
@realstreetbrit5787 6 күн бұрын
i submitted one of these POF letters to an agent and they said a bank statement is required. this was my first time sending a POF, so i dont know if something changed and you need further proof now? or is it just this one agencies policy? Thanks.
@animebaseheadreviews6526 6 ай бұрын
You’re the best!
@RealEstateSkills 5 ай бұрын
💙
@petersoaresjr8776 Жыл бұрын
Mahalo Pace! You are da man!!!
@RealEstateSkills Жыл бұрын
Thanks for the love, Peter! Cheers!🏘💙
@JeanHDelva Жыл бұрын
Thank you for the information!
@RealEstateSkills Жыл бұрын
No problem, Jean! We're happy to hear you're enjoying the content! Cheers, Jean! 🚀🏡
@AbdielRod 10 ай бұрын
Lifesaver!!!! 🙌🏽
@RealEstateSkills 10 ай бұрын
💙
@t11dsu Жыл бұрын
That was so helpful, thanks 👍👍👍
@RealEstateSkills Жыл бұрын
You're very welcome, Tunde! 🙂 Cheers! 🏘
@jleal_24 Жыл бұрын
Great video Alex!
@RealEstateSkills Жыл бұрын
Thanks Jose! Glad you enjoyed it! Our goal was to make this the best videos on KZfaq for getting Proof of Funds Letters fast! Hope this helps you on the journey! Cheers & Happy Wholesaling! 🏘🚀
@bertwright6327 Жыл бұрын
Phenomenal information! Question..The offer price is what we want to get the property under contract (before the wholesale fee is added), correct? Thanks!
@RealEstateSkills Жыл бұрын
Yes, that is correct, Bert! Your wholesale fee is the difference between what you can negotiate the property for versus what you can sell it to your cash buyer for while keeping it within their buying criteria. Cheers & Happy Wholesaling, Bert! 🏘😎
@Bubbatrucka 9 ай бұрын
best video on youtube
@RealEstateSkills 8 ай бұрын
💙🚀
@Bubbatrucka 8 ай бұрын
@@RealEstateSkills I’m ready to change my financial status to millionaire hopefully you can help me out
@RealEstateSkills Ай бұрын
@Bubbatrucka Have you started your real estate investing journey yet?
@usoxmob1 11 ай бұрын
Super helpful.!! Aloha!
@RealEstateSkills 11 ай бұрын
Thank you, USO! 💙 Aloha!🏡
@johnallday Жыл бұрын
Alex luv it!!! Thank you !!
@RealEstateSkills Жыл бұрын
Thanks for the love, John! We always appreciate it when people love our content! Cheers!
@Truereview-xr4wf Жыл бұрын
Hi Alex, Excellent information. Thank you so very much! Question, when getting an LLC, should I use my home address or get a virtual mailbox address for this type of business?
@RealEstateSkills Жыл бұрын
Hello, True! Hello! I'm glad you found the information helpful. When it comes to choosing an address for your LLC, there are a few factors to consider: Privacy and professional image: Using a virtual mailbox address can help maintain your privacy by keeping your personal address separate from your business. It also adds a professional touch, especially if you don't want to use your home address for business correspondence. Legal requirements: Check the specific regulations and requirements in your jurisdiction regarding the address you use for your LLC. Some regions may require a physical address, while others may allow the use of virtual addresses. Mail handling and accessibility: Consider how you prefer to receive and manage your business mail. A virtual mailbox offers convenience, as you can access and manage your mail remotely through online platforms. If you choose to use your home address, consider mail forwarding services or a separate business mailing address to ensure efficient mail handling. Costs and logistics: Evaluate the costs associated with virtual mailbox services compared to using your home address. Additionally, consider the logistical aspects, such as potential limitations on package deliveries or mail forwarding. Ultimately, the decision depends on your specific needs and preferences. If privacy and a professional image are important to you, a virtual mailbox address may be a suitable option. However, ensure that it aligns with legal requirements and consider the practical aspects of mail handling. Consulting with a business professional or attorney can provide further guidance based on your jurisdiction and circumstances. Cheers & Happy Wholesaling, True! 🏠🚀
@quinnpa1976 4 ай бұрын
But will these lenders actually fund these loans if you're unable to find an investor in your scheduled time??
@RealEstateSkills 4 ай бұрын
Yes they can, @quinnpa1976. These are legitimate hard money lenders. Note that if you use them to fund the deal though you're the one buying the property. Cheers! 🏠
@epicchanges1072 6 ай бұрын
Thanks man great info
@RealEstateSkills 6 ай бұрын
You're welcome, EPIC CHANGES! 🚀
@iconMASS 14 күн бұрын
sent this, now realtor is asking more info about my lending, I guess it was not a way for them to verify with the number on the POF.... she won't submit my offer, any advice?
@namv.8425 21 күн бұрын
Hey Alex I'm new to wholesaling and I currently learning how the wholesaling business works. Your videos are very helpful and I believe that with your videos I can for sure get my in the door of real estate. But my question is that is there another website I could use for proof of funds? I live in Ottawa, ON and the one you provided in your video is based in the U.S. Is there a site for people in Canada? Or can I use the website WITHOUT having to provide a "State"
@RealEstateSkills 21 күн бұрын
@namv.8425 You can just look up hard money lenders in your local area and get a proof of funds that way.
@Iamralphg Жыл бұрын
Is this consider fraud ? Can we get sue if they call us out on it or if I don’t sign the contract or how does that work ? I’m learning the game and just trying to figure it out
@zachslump5844 Жыл бұрын
This is my question too , this stuff almost seems to good to be true
@RealEstateSkills Жыл бұрын
Hello, Visions! I want to be clear on your question, so please let me know if I'm wrong, but you're asking if using these companies to provide a POF (proof of funds) Letter for your wholesale deals is fraudulent? The answer to this is no, not at all. These companies are hard money lenders with an interest in lending the money to you if necessary. Another option you have is once you've built a relationship with your cash buyer, you can have them provide you with proof of funds each month, but note that this option takes time and trust with your cash buyers. Cheers & Happy Wholesaling, Visions! 🏠
@RealEstateSkills Жыл бұрын
Hey, Zach! Check out our response to Visions. Cheers! 🏠
@brandonday9565 Жыл бұрын
When you say “Hard Money Lender,” what exactly do you mean? They CAN lend you the funds upfront IF need to be?
@RealEstateSkills Жыл бұрын
Hello, Brandon! When I mention "Hard Money Lender," I am referring to a type of lender who specializes in providing short-term loans, typically backed by real estate or other tangible assets. Unlike traditional banks or financial institutions, hard money lenders are often more focused on the collateral value rather than the borrower's creditworthiness. Now you do not have to take a loan from these companies because, as a wholesaler you're using your cash buyers money to purchase the deal. If you wanted to purchase the property yourself, you could use these companies, but there are better options for loans usually. Cheers & Happy Wholesaling, Brandon! 🏠🚀
@josearellano6691 Жыл бұрын
Thank you it was great information 👍
@RealEstateSkills Жыл бұрын
Thanks Jose! Glad you enjoyed it! 👍 🏘
@kingnaz3406 6 ай бұрын
First off just want to say thanks so much for these videos they have inspired me and gave me the info to back my aspirations but Is this not a fraudulent proof of funds document considering no loan was actually approved? Asking because I am in the process of wholesaling my first deal and have now got to the point of submitting an offer
@RealEstateSkills 5 ай бұрын
Hello, King NAZ! This isn't fraudulent at all. These are legitimate hard money lenders that want to lend you money for deals. Just a bit of advice if you're looking to do your first deal is to make sure you have your cash buyers first and get to know their buying criteria. That way you only bring them deals that they want to actually buy. 😊 Cheers! 🏠
@emanuelwise9222 Жыл бұрын
I’ve subscribed!
@RealEstateSkills Жыл бұрын
Thank you, Emanuel! 💙🚀 Cheers!🏘
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