How To Get A Proof of Funds Letter For Wholesaling (FREE!)

[@RealEstateSkills]

🔥 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]

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]

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]

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]

This is the stuff that makes me want to spend money with him

[@safarichannel1260]

This was indeed helpful, Thank you Alex

[@waevcycle]

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]

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]

We're happy to help, C Thomas! 😊

[@yencicerrato7913]

@@RealEstateSkills can we send this for a lease agreement??

[@RealEstateSkills]

This doesn't seem like it'd be too appropriate for a lease agreement. We use this for transactional funding and wholesaling properties.

[@BritanieG-y1s]

Did this work for you?

[@janjaylangelo4]

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]

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]

Yes Janjay, I agree 120% and over ! 💪🤓 He's one hell of a great guy ! 👍 U don't find them just anywhere.

[@RealEstateSkills]

💙

[@angelvazquez4457]

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]

Hey Angel! Appreciate the love! :) Wishing you nothing but the best on your real estate journey! Crush it!

[@girayalpaydn4334]

Hey, how is it going? Did u make any progressb

[@CEO.Martin]

Thank you so much 😊 just secured the document I need for a $250k assignment fee

[@RealEstateSkills]

LFG, CEO.Martin! 🚀 We would love to hear more about your deal! Cheers! 🏠

[@massdusters5163]

Did u close on DEAL YET ???

[@Chiego08]

@@massdusters5163i would like to know too

[@RealEstateSkills]

Any updates?

[@radioguy801]

Must’ve been an assignment fee for a cocaine shipment and the Feds intercepted the included parties😂

[@cuhhrizma1884]

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]

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]

Have you taken a step to find or make a wholesaling deal?

[@michaelrojan8435]

Thanks Alex !! All of us aspiring Wholesalers needed to see this.

[@RealEstateSkills]

You got it, Michael! Cheers & Happy Wholesaling! 🏘🤘

[@josecuenca3916]

This is the most useful video I saw this year!!!

[@RealEstateSkills]

That's what we love to hear, Jose Cuenca! Now turn what you learned into action. 🚀 Cheers! 🏠

[@ryanzomorodi]

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]

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! 🏘

[@jammingalways]

LIFE CHANGING! Two years I've been trying to make something happen. Thank you. :)

[@RealEstateSkills]

You got this, Jamming! 🚀 Cheers! 🏡

[@Mahoganiknows]

So glad I came across this! Thank you so much!

[@RealEstateSkills]

We're happy to help, Mahogani Hills! Cheers! 🏠🙂

[@josh2nicef153]

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]

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]

how is your journey going cause im about to start myself

[@carriefrechette4252]

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]

Thank you very much, Carrie! We love to hear when people love our videos! Cheers! 🏠

[@ggswellnesscenters]

Extremely helpful. The Ghurus are charging $1000 minimum for proof of funds

[@RealEstateSkills]

So happy you found this information helpful Reginald! Thank you for taking the time to comment! Cheers! 🏘

[@ShinJestuStyle]

Thank you!!! Other people was charging me for POFs... This is a relief.

[@RealEstateSkills]

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!

[@loe7714]

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]

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]

@@RealEstateSkills thank you

[@RealEstateSkills]

You're very welcome! 👍

[@Niiji13]

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]

You're very welcome! Glad I could help! Cheers to your success! 😎🏘 CRUSH IT!

[@renegading1]

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]

We love to hear that, Greg! We're stoked you're getting deals across the table and our content assisted you! 🚀 Keep it up! 🏠

[@anthonymuhammad4140]

Thank you, a seller today was asking me a POF, life saver.

[@Chiego08]

Is this your first time starting wholesale? My husband and I are trying to start wholesale and we are like “oh my goodness?

[@jashonsauce]

broooo wtffff how are we all going through this rn😅😂😂😂

[@RealEstateSkills]

Happy to help, @anthonymuhammad4140! 🚀 Cheers! 🏠

[@Ashley_Brown85]

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]

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]

@@RealEstateSkills 🙏🏾🙏🏾🙏🏾❤❤❤

[@RealEstateSkills]

💙

[@carolynstrachan1416]

Thank you so much. I've been waiting for this for so long.

[@RealEstateSkills]

Glad our vid on the Proof of Funds Letter resonated with you, Carolyn! In case you haven't grabbed it yet, you can download the “2 Ways To Get Your Proof of Funds Instantly Step-by-Step Cheatsheet” here: www.realestateskills.com/proof?el=pofyt Cheers & Happy Real Estate Investing!

[@MrDarkRoast9.9]

Great video and extremely helpful . Valuable content like this deserves my endorsement & subscription - glad to join the the team.

[@RealEstateSkills]

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! 🏠

[@jeromedumas6323]

Thanks, I just received my POF on a deal I have in the works. I will let you know how it goes. Great!!!! presentation Best advice yet.

[@RealEstateSkills]

Hi Jerome! Thank you so much! 🙌 Congrats on securing the POF for your deal-that’s a huge step! 🎉 Keep up the great work, and definitely let us know how it all turns out. We’re rooting for you! If you need any advice along the way, we’re here to help. Best of luck closing that deal!💙

[@darrellscruggs5834]

Thanks, this was very helpful, didn't realize the proof of funds were needed!

[@RealEstateSkills]

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! 🏘🙂

[@JohnMcDonough-t4r]

This was a great video, Solved my little road block instantly! Thank YOU!

[@RealEstateSkills]

You're very welcome, User! 😊

[@JohnRoche-de1fl]

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]

We're happy to help, @JohnRoche-de1fl! 💙

[@UniqueOriginality]

This definitely helped me at the last second being I’ve been educating myself and taking action along the way that I almost looked like an amateur haha. I know once I make my first deal I’ll be able to invest in the program you guides provide. You guys are really adding SO much value within your content it’s amazing!

[@RealEstateSkills]

Hi DeBret! Thanks so much for the kind words! It's great to hear our content is helping you. You're on the right path-taking action is what counts. Making that first deal will be a big step, and we’re confident you’ll get there soon! Keep going, and we’ll be here to support you when you're ready to join the program. Best of luck on your journey! Cheers! 💙

[@RonaldPaschal]

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]

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!

[@aquarius6440]

You are so awesome I was stuck until I wacth your video.

[@RealEstateSkills]

We're happy to hear you loved the video, Aquarius! 🚀 Cheers! 🏠

[@CelitaMcbeth]

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]

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! 🏘💙

[@TheFairyBabe]

This was SO HELPFUL!! Thank you! Subscribed

[@RealEstateSkills]

@TheFairy1992 Thank you for the sub! 🙂💙

[@Stallion.5577]

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]

Thank you for the kind words, Stallion! 💙 Cheers and best of luck on your real estate investing journey! 🏠

[@Stallion.5577]

@@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.

[@RealEstateSkills]

@BlueSky-gu1vn - These lenders are transactional funding lenders. If you want to fix and flip a property, then we recommend using a combination of a local hard money lender & private money lender!

[@donaldmatthews6419]

This information was very helpful. Thank you for your great content.

[@RealEstateSkills]

You're very welcome, Donald! We are happy to hear you're loving the content.💙 Cheers! 🏠

[@maryadesanya7504]

Thank you Alex, you are such a gem.

[@RealEstateSkills]

@maryadesanya7504 Happy to help! 🙂

[@afterjunkllc1320]

This is great content. Thank you.

[@RealEstateSkills]

You're very welcome, After! 😊 Cheers! 🏠

[@d8nH1r]

Saved my life appreciate you

[@RealEstateSkills]

@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.

[@jcoburninvestmentsllc-gb4sr]

You are the GOAT bro!

[@RealEstateSkills]

Thank you, JCoburn! We put a ton of effort and 10+ years of experience in real estate investing. Cheers & Happy Wholesaling, JCoburn! 🏘💙

[@jasonFerguson-zu7hd]

Brilliant bro! Thanks for all you do!!

[@RealEstateSkills]

We're happy to help, Jason! 🚀 Cheers! 🏠

[@DavidSchutzman]

Great Stuff. Thank you. You're the man.

[@RealEstateSkills]

We're happy to help, David Schutzman! 😊

[@robinbrown9320]

I find your videos very helpful. I appreciate you. Thanks so much!

[@RealEstateSkills]

You're very welcome, Robin! We're happy to hear that you find our content helpful! Cheers & Happy Wholesaling, Robin! 🏘😊

[@zekiahlee34]

Oh my Goodness thank you so much for this may God bless you

[@RealEstateSkills]

@zekiahlee34 You're very welcome! 🙂

[@officiallakervf4030]

Wow a lot of knowledge very very informative always on every video this is like life hacks man got me feeling excited.

[@RealEstateSkills]

:) 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]

Thank you so much, All your videos are helpful a lot for me as a newbie REI. God Bless you. ❤

[@RealEstateSkills]

Hello, Rosa! We appreciate your support, and we're ecstatic you love the video! 💙 Cheers! 🏠

[@juliesmith652]

Thank you so much for doing all of this for free!!!

[@RealEstateSkills]

Hey Julie! You're welcome! Thanks for leaving a comment! Please hit Subscribe if you haven't yet! ;) Cheers & Happy Wholesaling!

[@LoriJersey-b8h]

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]

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! 🏠

[@LoriJersey-b8h]

thank you for the reply. Very helpful!!@@RealEstateSkills

[@RealEstateSkills]

@user-qg4ve2ls4l No problem happy to help! 🙂

[@1lilabe660]

Thank you bro your a lifesaver when i close this deal give me a call i gotchu!

[@RealEstateSkills]

Hi there! I appreciate the love! That’s awesome to hear, and I’m rooting for you to close that deal! Just keep pushing forward, follow the steps, and you’ll make it happen. When you do close, feel free to drop a comment or reach out - I’d love to hear about your success. Wishing you big profits and a smooth closing! Let’s get it! 💰🚀

[@kingnaz3406]

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]

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! 🏠

[@J-Realty96]

What about if the agent or bank wants to call and verify the funds? Curious what to do if that happens, especially with bank owned properties.

[@RealEstateSkills]

Great question! Use a reliable Proof of Funds (POF) from a verifiable source like a hard money lender or transactional funding company (e.g., BestTransactionFunding.com or DoubleClose.com), as they often include contact info for validation. If the agent or bank requests verification, ensure your POF provider allows it, or coordinate with your cash buyer for confirmation. Maintaining professionalism and transparency builds trust and credibility, especially on bank-owned properties. Check out more about our real estate investing strategies on our FREE webinar as well! www.realestateskills.com/webinar?el=pofyt Cheers!

[@collinbaptiste5619]

Thanks, Alex. This video is very helpful. You are a frequent genius.

[@RealEstateSkills]

Thank you, Colin! 💪 Cheers! 🏠

[@dgarcia6271]

Oh man.. thank you so much! 🙏 God is good!

[@RealEstateSkills]

You're very welcome, Garcia! 🚀 Cheers! 🏠

[@BrandonLuis]

Just recently joined the pro wholesaler course let’s get it!

[@RealEstateSkills]

Congrats! Time to roll! Let's go!

[@ywfteddy3387]

It was very helpful thank I’m starting my real estate company by following you I really appreciate it 👍🏽👍🏽🙏🏽🙏🏽

[@RealEstateSkills]

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: kzbin.info/www/bejne/r4Gnc4GlgMx8i9E Can't wait to hear all about your first wholesale deal! Cheers & Happy Wholesaling! 🏠😊😎

[@kamleshthakkar3810]

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]

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! 🏡😊

[@margaretdebellottems.dthej6555]

Thanks for the information. I’m sharing it with my circle as we begin our journey to wholesaling real estate.

[@RealEstateSkills]

You're very welcome, Margaret! Appreciate you sharing the knowledge!

[@DarelJettSmith]

you deserve a sub for that! Thank you!

[@RealEstateSkills]

Thank you, Darel! 🙂 Cheers! 🏠

[@Aatnetwork77]

Thank you what a blessing glory to God for your service to is

[@RealEstateSkills]

@Aatnetwork77 Thank you for the kind words! Make sure to sub so you don't miss any future videos.

[@Aatnetwork77]

@@RealEstateSkills Yes sir

[@RealEstateSkills]

🙂

[@AbdielRod]

Lifesaver!!!! 🙌🏽

[@RealEstateSkills]

💙

[@BritanieG-y1s]

Has this worked for you?

[@terrilvanhemert]

This was helpful. Thank you! 🔥🐊

[@RealEstateSkills]

You're very welcome, Terril! We love to hear our content was helpful. Cheers, & Happy Wholesaling! 🏠

[@Hishersinspections]

This is invaluable information. 🙌🏼

[@RealEstateSkills]

Hi there! Thank you so much! 🙌🏼 We're glad you found the information valuable. If you have any more questions or need further guidance, feel free to reach out! Cheers!💙

[@3Brandon2Warren6]

Very helpful!

[@RealEstateSkills]

Hi Brandon! Awesome! Let me know how I can assist further-I'm here to help! 😊

[@phatbtn8879]

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]

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]

Hey there! Thanks so much for the comment! :) Glad you dig the channel! There will be tons more coming out! God bless!

[@RealEstateSkills]

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]

@@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]

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.

[@littleladyproperties1874]

This was another excellent video!!! You are making me into an excellent wholesaler!!!

[@RealEstateSkills]

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]

WOW, simply just thank you!

[@RealEstateSkills]

You're very welcome, Shykira Smith! 🚀

[@Bubbatrucka]

best video on youtube

[@RealEstateSkills]

💙🚀

[@Bubbatrucka]

@@RealEstateSkills I’m ready to change my financial status to millionaire hopefully you can help me out

[@RealEstateSkills]

@Bubbatrucka Have you started your real estate investing journey yet?

[@hetar1875]

Excellent Info ! Thank you

[@RealEstateSkills]

Hi Heta, Thanks so much for the positive feedback! We're thrilled you found the info helpful. If there's anything else you'd like to learn or explore further, don't hesitate to reach out. Appreciate your support! 💙

[@animebaseheadreviews6526]

You’re the best!

[@RealEstateSkills]

💙

[@fenzmuffin0278]

Great video man, thank you for continuing the content

[@RealEstateSkills]

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! 🚀🏘

[@Musicandufos]

Got a new sub brother good stuff 🎉, very helpful

[@RealEstateSkills]

We appreciate the support, UFOSnMusic! 💙

[@robertf.williams5817]

It was very helpful!!!

[@RealEstateSkills]

Thank you for the kind words and appreciation, Robert! 💙 Cheers! 🏠

[@The_TMAX]

Great vid, I like the background design.

[@RealEstateSkills]

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! 😎

[@AlvinScott-v7w]

Great job Alex

[@RealEstateSkills]

Hi Alvin! Thank you so much! Glad you're enjoying the content. More great tips and insights are on the way-stay tuned!

[@petersoaresjr8776]

Mahalo Pace! You are da man!!!

[@RealEstateSkills]

Thanks for the love, Peter! Cheers!🏘💙

[@NE0ai]

you’re amazing bro thanks

[@RealEstateSkills]

We're happy to help, @NE0ai! Cheers! 🏠

[@iteation6572]

Loved it simple and helpful

[@RealEstateSkills]

Thank you, ITeation! We're happy to hear you enjoyed our teaching method. Cheers! 🏠

[@Andrew-zi7cn]

I was SUPER HELPFUL THANK YOU!!!!

[@RealEstateSkills]

You're very welcome, Andrew! We're happy to help! Cheers!🏘💙

[@roberttaylor2641]

ALEX youra life saviour

[@RealEstateSkills]

🚀💙

[@jacobkcorbett719]

Thank u so much. I was really confused when I found out I need a POF cause I always understood that it didn’t require my own money to wholesale a property. You did a great job explaining! Just one more question If I end up not finding a buyer in the thirty days I have on the contract I sign and have them sign, can I still pull out? Would I be able to walk away?

[@RealEstateSkills]

It's possible, but it all depends on the contract you're using and the terms in the contract. The contract is the law of the land. You must abide by what's in the contract. Everything is negotiable at the end of the day, but what you agreed to in the contract must be followed.

[@TarshaBryantBlack]

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]

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! 🏘🚀

[@sessinganderson5065]

very helpful. thank you

[@RealEstateSkills]

You're very welcome, @sessinganderson5065! 🙂

[@jleal_24]

Great video Alex!

[@RealEstateSkills]

Thanks Jose! Glad you enjoyed it! Our goal was to make this the best videos on KZbin for getting Proof of Funds Letters fast! Hope this helps you on the journey! Cheers & Happy Wholesaling! 🏘🚀

[@HometownRealEstateSolutions]

Thank you for the clear and concise video!

[@RealEstateSkills]

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! 🏘💙

[@LubaSantelo]

Am watching from south Sudan I want become of real state developer and I like the presentation

[@RealEstateSkills]

@LubaSantelo That is a wonderful goal and thank you for the kind words!

[@epicchanges1072]

Thanks man great info

[@RealEstateSkills]

You're welcome, EPIC CHANGES! 🚀

[@radioguy801]

As a wholesaler, do you ask cash buyers for a POF before assigning the contract to them? Also, this is the first video I’ve watched about POF. I thought we were calling/following up after underwriting then sending a contract if they like your verbal offer.

[@RealEstateSkills]

Hi there! As a wholesaler, yes, it's a best practice to ask cash buyers for a Proof of Funds (POF) before assigning the contract to them. This step ensures they have the financial ability to close the deal, giving you and the seller confidence that the transaction will go smoothly. You want to avoid getting into a situation where your buyer can’t perform, which can lead to delays or the deal falling apart. In terms of the process, you’re correct that there’s an initial conversation after underwriting and presenting a verbal offer. However, once the cash buyer shows strong interest and is ready to move forward, that’s the time to ask for a POF before assigning the contract. This adds a layer of security, ensuring that the buyer can follow through on the purchase. Hope this helps!💙

[@emanuelwise9222]

I’ve subscribed!

[@RealEstateSkills]

Thank you, Emanuel! 💙🚀 Cheers!🏘

[@BD-mh8kt]

So do this for every property you seek for a deal? Or One letter you can use over and over?

[@RealEstateSkills]

Hi BD! Great question! It's best to use an updated Proof of Funds (POF) letter tailored to each property you're making an offer on, as sellers often prefer seeing the specific property listed. However, some wholesalers may use a general POF for multiple deals, though it may not be as effective. Hope this helps! Cheers! 💙

[@BD-mh8kt]

@@RealEstateSkills Thanks buddy, that's solid!👍

[@jenniferoviawe]

Good job on this video. 👏🏿👏🏿

[@RealEstateSkills]

Thank you, Jennifer! 💙 Cheers! 🏘

[@jasmainerehbaum7067]

Listing agents are asking for bank statements showing where the money will come from and if it truly has the funds the letter alone wasn't sufficient. What do you do in that case?

[@RealEstateSkills]

Hey Jasmaine, if that is the specific case for you, then you can 1): Work with / contact a Hard Money Lender, Private Money Lender, or Transactional Lender willing to provide a bank statement (they are abundant, just use google to find in 5 mins or network at your local REIA, which is always highly recommend in order to build quality & long-lasting relationships), 2) If you have quality relationships with Cash Buyers then ask to use their proof of funds / banks statement to create a win-win situation (you get to use their POF / bank statement to get the deal under contract and the Cash Buyer gets to flip your wholesale deal = Win-Win) Boom. Make it happen!

[@SeliaWilliams-x8j]

you're amazing, thank you!

[@RealEstateSkills]

@SeliaWilliams-x8j We're happy to help!

[@HelpOutz]

A lot of times, RE agents might ask for your bank statements to show that you do have some capitals.

[@RealEstateSkills]

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. 😊

[@juggalo450]

My question is what happens when they want u to actually close on the deal with this letter how would you go about that

[@RealEstateSkills]

Hello, Juggalo! Once you get the property under contract, you will be assigning it over to your cash buyer. This letter is to show POF (Proof of Funds), and as you build a relationship with your cash buyers you can even use their statements once there is trust. Cheers! 🏠

[@amrelsherbiny703]

Can I use those websites in Canada, if not what should I use?

[@RealEstateSkills]

Great question! Most U.S.-based POF websites may not work in Canada. Instead, use local hard money lenders, partner with cash buyers for POF letters, or work with private financing partners who can provide verifiable documentation. Ensure it meets Canadian real estate requirements. Also check out our FREE training to learn more about our wholesaling strategies: www.realestateskills.com/training?el=pofyt Cheers!

[@Prospecting.with.cristian]

Thanks for this bro 💪🏽

[@RealEstateSkills]

Glad you dig it! You’re welcome. 😎 Time to get after it!

[@arianmirazee1607]

Thanks for the information very helpful. One question I have is, do you have to send a proof of funds letter to off market properties? Like directly to the seller?

[@RealEstateSkills]

Great question! When dealing with off-market properties and negotiating directly with the seller, whether you need to provide a proof of funds letter can depend on the seller's preferences. Unlike listed properties where agents or brokerages often require POF to ensure a buyer's seriousness, off-market deals may be more flexible. However, providing a POF letter when negotiating directly with a seller can still be beneficial. It helps build trust and demonstrates that you have the financial capability to close the deal, making your offer more credible. Even if not explicitly required, offering proof of funds can strengthen your position, especially if the seller is considering multiple offers. Always ask the seller upfront if they need a POF letter, and be prepared to provide one to streamline the negotiation process. Hope this helps! Cheers!

[@JeanHDelva]

Thank you for the information!

[@RealEstateSkills]

No problem, Jean! We're happy to hear you're enjoying the content! Cheers, Jean! 🚀🏡

[@usoxmob1]

Super helpful.!! Aloha!

[@RealEstateSkills]

Thank you, USO! 💙 Aloha!🏡

[@brandonday9565]

When you say “Hard Money Lender,” what exactly do you mean? They CAN lend you the funds upfront IF need to be?

[@RealEstateSkills]

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! 🏠🚀

[@johnallday]

Alex luv it!!! Thank you !!

[@RealEstateSkills]

Thanks for the love, John! We always appreciate it when people love our content! Cheers!

[@kattiagordon1900]

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]

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!