Here is the problem I have been having and hopefully someone has an idea or two on how to get around this if there is any. I have been flipping foreclosures for about a year and half now and what keeps happening is the bank that I am buying the home from is requiring a letter from the bank that I am going to purchase the house from to supply a letter showing that the funds will be available or if I say I am paying cash I have to show proof that I have the funds in the bank which I never do. If someone has away around that it would be great to know. When I close on one of these deals I do a double closing and imediately sell it to some one else. I have set up a deal to where I have a note buyer who will sell off my note at the time of sale if I will owner finance but the problem is that it may take a few days for it to fund. How do I set it up for the the bank That I am purchasing the property from to wait a few days on the money while I wait for the money to get to the title company.
Any suggestions would be really appreciated