What Are Proof Of Funds Letters?

By |2018-09-14T09:55:08-04:00September 14th, 2018|Categories: Down Payment, Hard Money, Investing, REIs|Tags: , , |0 Comments

Proof of Funds Letters can help buyers get under contract quickly. They are a personalized statement that shows that you have funds set aside for a fix and flip real estate investment. A Proof of Funds letter proved that you have enough liquid cash to purchase your investment home. Why do sellers need a Proof of Funds letter? No seller would want to take a home off the market unless they know that a buyer can actually pay for their home.  So, buyers must provide Proof of Funds letters. Even if getting financed, sellers will want to make sure you