Posted by Dennie on April 16, 2004 at 18:28:33:
If you have good credit you can get pre-approved for a loan. You may also need $1000 in earnest money. I deposit one $1000 earnest money deposit with the real estate agent who uses it against all my offers. Once you get the house under contract, you can then assign your agreement.
Flipping Properties w/o Proof of Funds - Posted by mei122@aol.com
Posted by mei122@aol.com on April 15, 2004 at 21:36:03:
I have a connection with a real estate agent who sends me a list of rehab properties. She even sends me the codes to get into the buildings. However, many of the deals requires proof of funds. Since I have access to the properties, how can I enter into a contract with the real estate agent and then find an end-buyer who has the funds to close? Some of these deals are really hot and I would like to capitalize on them.