Member
Joined: 2014-08-28
Points: 39
Offline
Name:
Deanna
Location:
Sacramento, CA
About Me:
I'm a working Mom with a disabled husband so I am the sole bread-winner of my family. I am ready to take this journey into the unknown and step out of my comfort zone and become a successful Real Estate Investor.
Proof of Funds? 25:1 Strategy
I'm trying to get started and I found an investor friendly agent. However, she is telling me that even though we may find that 1 Diamond out of the 25, when we go make our offer we will need to provide "Proof of Funds".
Here is my problem. I have no funds and will be utilizing a cash buyer. Is this true? If so how can I overcome this obstacle?
Advise is greatly appreciated.
Deanna H.