POF

Bird Dogs, Wholesaling
1

Looking for proof of funds letter in Pa. or are thier any national companys that do this,and how does it work? :banghead

2

There are plenty of them out there, google transactionalfunders, I’m pretty sure they all supply POF’s. A real short on how they work is you buy(A-B) using trans. funds and close, then you sell (B-C) to end buyer, close and use these funds to pay back trans funder plus their fee. What’s left on the table is yours.

3

google aegis funding. You can download a POF letter straight from their website.

4

Aegis is a little different than other funders, lots of paperwork involved. You’d be better off with Ted Akers at investorfundingsite, he is only 1.75 pts.

5

Herbster,

 Thanks for the link!
6

Thanks guys

7

I like to use OneDayFunding.com - free proof of funds letters and easy paperwork process at funding. I have used them myself several times. They loan nationwide and not only for one day - they have transactional funding for longer times as well.
I agree, Aegis is good but the requirements and paperwork are too much.

8

why do you need POF if your’e wholesaling?

9

For double closing on a REO, Hud etc. not an O/O property. Unless you have your own funds of course. You need funds for the A - B.

10

You can also look for private money lenders who you could give them a decent percent return for boring their money for the short term. You might be able to work out a long term relationship with these people as well.