I have finally submitted my first 25 bids for 25 different properties and my real estate agent informs me that I will need to show a "proof-of-funds" statement and earnest money. Really? Proof-of-funds? I dont recall reading that anywhere when it comes to dealing with wholeselling. Also, is there anyone out there familiar with the very minimal earnest deposit of just $10 for every bid you submit for your properties? I like to hear your response. I need to get back to my agent immediately (w/in 72 hours). Thanks, Steve, Greenville, South Carolina - young24steve@****
Wholeselling
I have finally submitted my first 25 bids for 25 different properties and my real estate agent informs me that I will need to show a "proof-of-funds" statement and earnest money. Really? Proof-of-funds? I dont recall reading that anywhere when it comes to dealing with wholeselling. Also, is there anyone out there familiar with the very minimal earnest deposit of just $10 for every bid you submit for your properties? I like to hear your response. I need to get back to my agent immediately (w/in 72 hours). Thanks, Steve, Greenville, South Carolina - young24steve@****