Peer 2 Peer Real Estate's Podcast

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 recommendThe Art of owner financing - Mitch StephenLong distance real estate investing - David GreeneReal Estate Note Investing - Dave Van HornYou can find me at:www.peer2peerrealestate.com www.facebook.com/peer2peerrea