How To Get A Proof Of Funds Letter And Use It For Making Cash Offers

[@catbishop206]

I love how you just explained something most people would struggle to explain. I was smiling when you kept almost starting to laugh, about agents demanding hard POF's. Lol. This is an amazing way to get around POF's with Flipster! I can't wait to join!

[@jalatrafford7725]

Where do I find the proof of funds on flipster??!!

[@Renbacktome]

@@jalatrafford7725 same boat as u.. I was looking at the upgrade I think it mentions pof.. not sure I thought the standard membership included it. I'm nervous to do my first deal but excited. Hope u get your first deal.

[@dreuzell6011]

@@Renbacktome did you ever get your first deal?

[@bestmemeandclipspage]

Hey jerry, i bought flipster and upgraded it for the proof of funds feature and i cannot find it

[@FaeganAdams]

You are like the GOOGLE of REI. I can almost guarantee if I type a question in KZbin regarding investing, you have a video on it. #flippinggenius

[@ryanthomas8155]

I have flipster just bought today i need to know where to go on the site to access the POF letter please help

[@cottondai]

I was thinking about this part of the deal and you have the video for it too. Thank you.

[@juanacerna4079]

question: so if my offer gets accepted with your soft POF but I'm planning on wholesaling it , and the agent does want a hard POF, I would ask my cash buyer for a hard POF immediately to submit to my agent correct ? so now they have a hard POF that what they where looking for

[@FlippingMastery]

yes, that works

[@ComdeyProductions]

@@FlippingMastery bro my pof keeps saying zero on your software when i send it.....

[@angelalassiter5905]

I have the basic plan, is POF still available? What section of video is it in?

[@DrewmillszMasterpiece]

Anyone answering theses?

[@Yeshuaservant]

Get a good relationship with buyers. My buyer gives me hard proof of funds to deal with agents. Build a good relationship with your buyers. It’s about relationship, bring them good deals and you will be good!

[@FlippingMastery]

+Yeshua Right on! 👍👉💵

[@sykrosis]

How do you find these buyers??

[@loulupero4147]

@@sykrosis Utilize social media. FB , join Hard money lendor groups, Meetups , referrals. Network!

[@devonr7497]

In what form do your buyers provide you with Proof of funds? A bank statement? What is the best way they can provid me with a Hard PoF without giving away sensitive personal information??

[@devonr7497]

@@loulupero4147 In what form do your buyers provide you with Proof of funds? A bank statement? What is the best way they can provid me with a Hard PoF without giving away sensitive personal information??

[@titilili88]

You're amazing.I plan to get Flipster in the near future. Thanks!

[@003dmayo]

thanks for the break down your a fliping genius jerry

[@003dmayo]

is this proof of funds still availble with newest version of flipster?

[@FlippingMastery]

Yes, pro and prime level

[@chasethemoney7489]

So is it possible to provide a SOFT POF prior to finding the buyer, and use it to represent the buyer?

[@Fmjtrucking]

Is this for when u are buying the house? Or I need a hard pof to wholesale it as well

[@Trigga850]

Thanks for the info Jerry. You have great content and its easy to catch on the way you put it out there. You are a flipping genius!

[@PaceMorby]

Love Jerry Norton! My name is pace morby.... if you ever need help looking at deals, or funding your projects, I would love to chat!

[@osvaldosegura9195]

How can i get the Pro Flipster? I don’t see it being an option at checkout.

[@faiyou7429]

Can I get proof of funds for property in Canada?

[@faiyou7429]

???

[@jalenmonroe4456]

Do the unlimited pofs in flipster come free included in the pro plan or once I have the pro plan do I also have to pay for pof?

[@FlippingMastery]

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

[@jermon983]

Wow very interesting I've always thought a POF was just a POF. Didn't know there were two different kinds of POF. Once again you just educating me on something I didn't know before.

[@FlippingMastery]

🙏👊

[@wesleybillionairevirgin8714]

what about if your a wholesaler do you half to be preapproved just assign your contract to your cash buyer

[@patriciathompson6228]

So Jerry once I made the verbal offer the agent states he needs proof of funds letter and they he and Seller wants it in writing . At what point will you consider accepting the deal to finalize it . The agent did ask if I were a wholesaler 😊😊 I stated I am part of a cash buying team Should the seller açcept are you treating this as a contract you would add to a program. If not should I begin developing a buyer list . I happy to provide deal details. Thank you asap Patricia Thompson

[@renevillalobos9083]

You are the best Jerry thank you so much for all the information god will keep blessing you.

[@TheACAPP]

So using a self generated bank statement template as a hard POF is not allowed, correct?

[@FlippingMastery]

Yes it is

[@lorinpaige1]

Thank you for this!! This answered so many questions. I have had this problem in the past. Your the best!!

[@Elnovatodevienesraises]

Jerry you are a flipping genius!

[@Drmikebuyshomes]

Blessings Team Jerry!

[@Djivan1359]

Hey once I use your proof of funds letter when I’m under a contract how do I later explain that I won’t be needing any funding from you guys but that I someone else that will be closing and he will be funding the offer

[@FlippingMastery]

you will inform the title agent that you are assigning your contract and the new buyer is funding the purchase not you.

[@Djivan1359]

@@FlippingMastery thank you so much does this work with any companies proof of funds (p.s I’m going to use yours I’m just wondering )

[@8_one_8]

@@Djivan1359 how did your deal turn out?

[@osvaldosegura9195]

I can’t find the link to make the payment for flipster PRO it just goes to the base flipster, can you help?

[@FlippingMastery]

My team can help you [e-mail]

[@dinotom4789]

So one's hard money "lender" who provides the proof of funds (soft or hard) should also be the person we intend on assigning the contract to? I just want to check if I'm following correctly

[@SlimLighty]

This is good info. I am not into RE Investing but I am in search of a company to buy. This is the exact same process. Good stuff.

[@MoorAndMoreNetwork]

Where abouts are you looking? I have a building + business in Columbus, OH.

[@brucecaico3659]

So, Jerry, while it's a great approach to opening a transaction - the soft money approach is still effectively a "contingent" offer even though it's an alternative lender/investor who's providing the "cash". The contingency being that the buyer needs to obtain final approval to fund the deal (i.e, the pending hard approval). Correct? It seems, therefore, like this contingency should be distinguished in the purchase contract since it's not an all-cash offer as interpreted in the traditional sense. Otherwise, one would need to rely solely on other due-diligence elements and timelines as a legal means to withdraw from a contract (if they couldn't find a lender to commit to the deal). Am I tracking correctly here?

[@justinr999]

Bruce Caico Yes, in his example you are still making a contingent offer essentially no different than any other financing contingency.

[@jiraiyatom7536]

I heard from somewhere that one should request proof of funds from the "cash buyer" before presenting their deal to them. I wanted to know if that is a good approach or not. Any info would be much appreciated. Thank you.

[@TheBlossompossum]

I’m working on my first deal, the agent asked for a POF letter but I do not have one. I do not know what to do at this point or how to get the letter

[@FlippingMastery]

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

[@SonofGod43]

Hey Jerry, if youre just getting started and can't get a hard proof of funds after it gets put under contract because you don't have the 15-30 % hard money lenders require from you to fund a deal, is there a way around that issue or is that a dead end?

[@superglen99]

Find a cash buyer and have them submit a pof letter

[@Miligocrazy_]

How can I get the proof of fund soft letter

[@FlippingMastery]

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

[@Miligocrazy_]

@@FlippingMastery I thought the soft pof is a free copy that’s what I’m trying to get I’m just starting out and thank you for responding

[@MrPoe22]

Given that this is a potential deal breaker, isn’t doing a reverse wholesale more advantageous? This way, you can go into the negotiation phase with the added confidence of knowing that proof of funds will not be an issue.

[@laquondawalker4379]

Thank you so much for this.

[@cydneemiddlemas6781]

Awesome content as always. Quick question. If they ask for a hard letter after seeing my soft and I agree to submitting one after I get the property under contract, can I just turn around and wholesale the contract without submitting the hard letter ?

[@Bubbatrucka]

i would assume so because the cash buyer has the cash to close the deal

[@sherricheung6684]

Love the video and the details you provided. I enjoy learning from you. Do you know any POF website in Canada?

[@chris09423]

So if you have an agent requesting a proof of funds letter, I show them the pre qualified letter. They approved, and what I would need to do is to get a buyer to show the proof of funds for me after the contract is signed? But what if the agent didn't see my name and saw the buyers name for the one who bought it? And how am I able to request a proof of funds from a buyer and send it to the listing agent aka the seller?

[@Bryan.bluedream]

You dont get unlimited POF letters with the $97 Flipster subscription, You need the $197 subs, or the $297 for unlimited POF letters. Love you Jerry !

[@Wooduniversity]

Wow

[@Wooduniversity]

Just wasted $97

[@jalenwilbert6154]

Hey can you use this with a bank in a short sale deal when they ask about POF?

[@msouthwick_]

This was extremely helpful, now it leads me to what might be a clear answer. But when starting in wholesaling especially, should you provide a proof of funds with each offer you make?

[@FlippingMastery]

if requested

[@willdelaneyjr2123]

If u have a buyer lined up ? You know thwir criteria . Can you use their proof of funds ?

[@mr.taylorsykes3393]

Does this work if your wholesaling too?? how would you get a hard proof of funds letter if you actually don’t have the money??

[@arcticpropertiesllc]

Hey Taylor, you can JV with someone who is a private money lender, and/or JV with someone with experience who has POF. Also, if you ever need assistance with your EMD, I'm a transactional lender who can assist as well.

[@achesontrading427]

how do you land the hard money through the side door and make a cash offer in through the front door? could you provide the details, paperwork required, timeline and steps?

[@elaineharper7315]

I am a seller of a few properties I have owned under various circumstances. They have been lower end properties under $200,OOO. I require proof of funds in the bank. In a high priced property I would require the same or if they needed a loan, it would have to be pre-approved and no hard money guys, a legitimate lender.

[@nikkieason7981]

Question : I have a contract and used soft proof of funds. They want a hard proof of funds w in 5-7 days after I get contract... I’m going to wholesale but won’t have a cash buyer that fast.... what should I do??? And if I actually can find a hard lender and they approve it... will they get annoyed when I cancel the loan because I found my actual cash buyer? Very confused about this

[@oogdot]

Can I wholesale the deal after providing soft POF and its accepted?

[@oogdot]

I kinda have less then 24hr at the moment and I just signed up so......PANIC MODE ON

[@FlippingMastery]

Yes

[@Jacob96wv]

Unique Jackson where’d you get POF letter. Can you send to me . Email. :[e-mail] please help . I have a contraxt

[@JayyG3]

@@oogdothow did this deal go?

[@kylewerner4797]

If I'm getting started with wholesaling and do not have the funds required to buy the house, because I intend to assign the contract to a buyer, do I need a proof of funds letter and would I need to find an investor with those funds in order to show that I have the capital to actually make a cash offer?

[@FlippingMastery]

most of the time yes

[@ghostagent3157]

Im new, why would i need a proof of funds? as a wholesaler

[@mnymgr10]

Some sellers want to see it to know if you are a serious buyer.

[@SA_7_7_7]

Hey can I use Flipster from Costa Rica?

[@FlippingMastery]

Yes, go here to learn more: getflipster.com/

[@SA_7_7_7]

@@FlippingMastery The link doesn't work :/

[@nomerompanlaspelotas5812]

nice work sir, thank you, two questions please, how much do you charge for a POF letter, and also let's say they accept this POF and i can't find what they call a C buyer for the porperty i'm wholesaling, how do i walk away from the deal without getting sued?? due diligence contingency? thanks in advance.

[@gurneetd21]

Does it also work in Canada

[@amoniwatson3795]

Hey Jerry, I have a question so after watching this video along with your double close in escrow video I want to know would l be able to close my A-B transaction and take title successfully with a soft proof of funds letter being that the end cash buyer would technically be funding both sides with their hard money? Or would I still need to find my own hard funding? I hope my question makes sense. I found out recently that in nc where I live, I can only do double closings, so that double escrow method sounds very appealing.

[@niccolemcconnell2463]

Jerry ok I’m confused, I use the soft pof & get offer accepted & now have contract.... and now they want hard pof but don’t have a buyer yet.... How do I get a hard pof if I don’t have a lot of money or unsure if I am going to get approved for that type of loan? Are they hard to get? Can you do more info on hard pof and ways to get them?

[@FlippingMastery]

contact a hard money lender kzbin.info/www/bejne/lZKbdYV9iLl6oqs

[@NaoShouaFamily]

Hi Jerry, this is 5 year old video. Is this proof of funds from you still active and updated. Please let me know. I’m super interested and thank you for your video

[@FlippingMastery]

Yes With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

[@emmahoneyy]

How much would it cost to access your POF letter without buying into your program? I'm not interested in fix and flipping. I'm interested in commercial multi family RE buy and hold.

[@FlippingMastery]

+Emma Morris Only available with flipster and for residential properties

[@loulupero4147]

Emma ,google phony POF. Fraud! Not familiar with Jerry program. HML / Deals/ POF . Network! Focuss one strategy, learn everything .

[@kevinjones6970]

Great information, but how do you find the POF letters on flipster? I have an account but I'm not sure where to look.

[@FlippingMastery]

My support team would be happy to help with that! Please reach out to them at: [e-mail] or [phone]

[@shahimpanjwani8547]

did you find out?

[@russavelli9029]

Great content as always, wish you well!

[@williamthegreat4043]

But with the the Lot flipper program you do fund the deals correct?

[@FlippingMastery]

Go here to learn more: flippingmastery.com/lfyt/

[@matheusvarela7110]

Hey jerry so I have an issue , I used the proof of funds letter but the agent is asking to speak with the lender regarding the pre approved amount , closing date and guidelines, I’m a little lost on what I need to do

[@matheusvarela7110]

@filppingmasterytv

[@rileywilliams6271]

Can you get his POF letter with the $97/month package?

[@paidway2100]

A bank statement of liquid cash i have to send it as a pdf file or just a picture would b good since im just sending it to the agent and not the title company

[@FlippingMastery]

pic is typically fine

[@paidway2100]

@@FlippingMastery ohhh ok amazing your a flipping genius I was going to pay for a course but I literally learned everything off your channel amazing work

[@mikeystepback8639]

@@paidway2100 still pay for the course he is giving free info plus ur building more retionships

[@trabajosfaciles5556]

After I get the property under contract how much time do I have to give the agent a hard proof of funds?

[@FlippingMastery]

its negotiable

[@HjCrawford]

Does Flipster check more than just Craigslist for deals? Does it just check for houses for sale or also houses for rent? Can we adjust it to check any site we want to?

[@FlippingMastery]

+Jessie Smith it has multiple motivated seller lead sources.

[@HjCrawford]

@@FlippingMastery yes Sir I saw the pre-foreclosures, absentee owners etc. I was just wondering if it also went after Zillow, back page, and any other sites with homes for sale.

[@rudyayala4852]

My question is , if I get signed up will I get the 10,000 deal or is that something completely different.

[@FlippingMastery]

Different

[@Jacob96wv]

So Jerry let’s say i get a house under contract using soft POF an everything is going smooth. Can i wait till i have the contract assigned to someone else an use their hard POF. Or do i need my own hard POF?

[@FlippingMastery]

once you assign your buyer will proceed to closing with POF, etc

[@achesontrading427]

when do you run coupon codes or discounts for your service?

[@suewat394]

I would just go to the potential buyer for proof of funds rather than spend time with an empty document that promises no money if I do get the deal under contract.

[@solanamaryella]

what if they don’t want you to assign the contract

[@southsidesauce1261]

Is there anyway to just purchase the letter

[@DO-fb5gb]

I am a part of the 10K Club and am confused if I can use the POF for deals that are done with buyers other than yourself? If I can use it, then would I get in any sort of trouble? Thank you.

[@FlippingMastery]

you can use it

[@dinotom4789]

I was thinking about joining but have been reluctant to do so. Did you make any kind of money with that membership?

[@supremosyndikat8488]

so just for my understanding for wholesaling on market properties... do i need a POF letter like is it a necessity? because jerry you said "to stenghthen your offer you can provide a POF" like its a nice to have but not a necessity?

[@FlippingMastery]

it depends on the deal

[@supremosyndikat8488]

@@FlippingMastery Hey Jerry thanks for the answer, so i thought about something for example when i make an offer on a property and the agent (on market) calls me and says he/she needs a POF would it work if i say... 'hey i totally understand and my partner will send you the POF within the agreed on contingency time (10 days or more) if we get the property under contract. My partner aka cash investor so the idea is to tell them your partner will send it to them within the 10 day contingency but in reality you have your cash investor send them the POF would that work?

[@solanamaryella]

What happens when they don’t want you to assign the contract.. how do we close in escrow AND show a POF and a deposit? The agent asked for both those things

[@solanamaryella]

The agent also stays that this will be non contingent

[@FlippingMastery]

Learn how here - useJerryscash.com

[@PsychologyGeek76]

So basically, new wholesalers shouldn't be working with agents for this reason among many AND if a SELLER is asking for pof they're not motivated.

[@VerticalVee]

If my on-market offer gets accepted and signed, do I still need to provide a proof of funds to the listing agent if they never asked for it?

[@FlippingMastery]

Not if they didn’t ask

[@VerticalVee]

@@FlippingMastery Thank you for responding!

[@logic8019]

My only problem is how to set up the contract remotely and how to find a cash buyer on time once I understand that I can go forward and actually try this

[@g2wtv.258]

thank you jerry so much your the guy

[@Mr_oluwashina]

Does Flipster charge for skip traces

[@FlippingMastery]

nope

[@POVQUAY]

What about when the realtor says the property isn’t able for financing?

[@marvintorres1136]

Thank you Jerry

[@dawudmalik7273]

So if the seller doesn’t ask for a POF, does the wholesaler still need it? If so, why do I need a hard POF when the buyer is going to be the one actually buying the property and not me?

[@FlippingMastery]

Only needed if seller requests. Usually just on market with agents

[@dawudmalik7273]

Flipping Mastery TV i’m one of your KZbin pupils btw. I’m learning a lot from you brother ✊🏿✊🏿.

[@comfyblu5767]

Hey jerry great video. Are proof of funds included in your $97 per month package?

[@FlippingMastery]

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

[@dianeestime6174]

By agent, are you referring to the title company ?

[@FlippingMastery]

real estate agent is typical the one you are working with on this

[@mhvisionzz9690]

So if your wholesaling do you still get a pof if they ask?

[@FlippingMastery]

+Hungery Boy Vision Yes because as far as agent/seller is concerned you are the buyer. However, you get an EMD from your cash buyer. Check our this hack to not pay an EMD: kzbin.info/www/bejne/n4DOdKp4f55pepY

[@TVLuxuryLife]

Jerry I need proof of funds ASAP like this weekend ASAP how can I start with you and get those ??

[@FlippingMastery]

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

[@malikibarra4015]

@Raymond Brugueras What I'm trying to figure out right now

[@InHomeSalesMastery]

If I sign up for Flipster will your proof of funds letters show that I am capable of buying the house for a wholesale? I am young and don’t have to the money myself to buy it, so will Flipster show real estate agents me and my “investors” can buy it?

[@FlippingMastery]

yes

[@relaxingmeditation8740]

Jerry does POF available under $97 packaged?

[@robertrodriguez578]

Jerry, when you say that you tell people to find a new agent when the agent is not content with the POF letter, are you referring to the old way of doing real estate where wholesalers rely on a buyers agent to find them deals? I take it that if it is an on-market deal in which the sellers agent is not happy with the soft POF due to a lack of trust in my ability to close on the deal I would move on to the next one?

[@FlippingMastery]

Its really simple. If the agent will not accept your soft POF and you don't have another source for hard POF then move on to the next deal and listing agent.

[@robertrodriguez578]

@@FlippingMastery thanks so much Jerry 🙏👊!

[@kiearalashae7816]

I am confused how are you suppose to get a commitment letter for hard proof of funds if you’re wholesaling and don’t have the capital?

[@FlippingMastery]

get from a hard money lender or get your cash buyer to provide or use my letter - getflipster.com

[@loulupero4147]

After reading different plans offered $97.00 plan is not in included with plan. My suggestion reach out customer service for clarification. HML bring them deals., build rapport,& relationship............. Jerry offers soft proof funds, ask HML or bank clarify.

[@labreeb3333]

I need a proof of funds letter right now! The flipster link isn't working! I'm trying to sign up to use the software.

[@labreeb3333]

Isn't there a free trial?

[@FlippingMastery]

No free trial. It’s month to month

[@ncnc111]

Can a cash buyer give a soft proof of fund?

[@FlippingMastery]

Yes

[@TyTeckk1]

Can I get proof of funds letters with the $97 a month membership of flipster?

[@FlippingMastery]

No, only pro and prime levels

[@rare2find0918]

@@FlippingMastery How do you access pro and prime levels? Using the link I only see where you can sign up for the $97/month program.

[@FlippingMastery]

rare2find0918 once you sign up, the next page is where you decide which level

[@darndada5446]

Lol jerry your funny he said I need a new agent.

[@ACGNY08]

You're the man Jerry!!

[@FlippingMastery]

+ACGNY08 🙏🙏🙏

[@7Jenita]

So if you're presenting yourself as a wholesaler right from the get go, you probably don't need proof of funds, is that correct?

[@kellgreen5565]

Yes contingent on your agent agreeing with those terms with a possibility of no outcome at all on your end since you never proved you have the funds to purchase property. Typical agent won't waste there time because you can't show them literally ‘proof of funds’

[@Lambotours]

does your website include proof of funding on it?

[@FlippingMastery]

Pro and prime level - yes Getflipster.com

[@militiamuzic618]

@@FlippingMastery I only see one option at signup. What's the price that's includes POF?

[@diegohernandez8719]

First off jerry thank you for all the value you're always bringing us!. It caught my attention when you said if the agent doesn't want to approve your soft proof of funds that we should get a new agent...but i don't understand because when we are double dipping on a deal that's the only agent we can work with? we can't switch to a random agent? or I'm I wrong?

[@FlippingMastery]

If you’re double dipping, you’re right. You are only working with the listing agent

[@HelloWorld-th7ky]

Hey Jerry, thanks for the info! So what do you do in that situation?

[@arthurappling8022]

How much do you charge for a hard pof of letters

[@curtislong3406]

Ok well I just started as a wholesaler real estate but where can I get proof of funds if I offer realtors/sellers?

[@FlippingMastery]

Check out my Flipster Program - Getflipster.com

[@patricialewis4239]

thank you so much

[@trlletbeats7690]

Jerry, what if they ask for the phone number of the lender?

[@robertmcquinn1771]

I feel like that jesus statue in his video is an easter egg. Its always placed randomly somewhere, I always take the time to find it in his videos lol.

[@superglen99]

What if they ask who JLN capital is?

[@VerticalVee]

if your bank account has just the amount of money you need to cover what you are offering, will your hard proof of funds (bank statement) be a red flag to the seller/agent?