On today's show I talk about Proof of funds.

Why is proof of funds necessary? in most cases either a realtor or a seller of a property will ask to see that you have funds either for a downpayment and/or closing costs.

One thing I noticed there are two proof of funds documents I've seen, one, is bank statements the other is a letter from a source of funds like, private money or hard money that will lend you the money to buy or for a downpayment.(Google bank statements & Proof of funds letter samples )

Depending on who you deal with it's smart to have both documents if you can get them, in my opinion if someone doesn't ask for the proof of funds then don't offer it.

https://www.cnn.com/2018/12/12/business/wells-fargo-foreclosure-nightmare/index.html. - Wells Fargo foreclosure fiasco

Books I recommend

• The Art of owner financing - Mitch Stephen
• Long distance real estate investing - David Greene
• Real Estate Note Investing - Dave Van Horn

You can find me at:

www.peer2peerrealestate.com

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Remember don't give up on your dreams, live life like you see fit.

Keep the momentum going, Good things will happen.

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