How To Get A Proof of Funds Letter For Wholesaling (FREE!)
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- Опубликовано: 2 июл 2024
- Here’s EXACTLY How To Get A Proof of Funds Letter For Wholesaling For Free so you can make Cash Offers without paying for software, without any experience, & without making any cold calls. Hope this makes it simple to get your Proof of Funds for real estate!
In this video, Alex Martinez shares “What Is A Proof of Funds Letter?”, “Why It’s Important To Show Proof of Funds To Be A Pro At Wholesaling?,” and “2 Ways on How To Get A Proof of Funds Letter For Free Instantly”.
We put in a lot of effort into this video to make sure you’re able to immediately get a free Proof of Funds Letter for wholesaling houses. The strategies covered here will work for you regardless if you’re advanced or a beginner!
If you’ve been wondering How To Get Proof of Funds, then this is the perfect video to watch, understand, & implement!
👇 As mentioned, you can check out the links below to stack your knowledge of wholesaling!
💰Download the “2 Ways To Get Your Proof of Funds Instantly Step-by-Step Cheatsheet” here:
➡️ www.realestateskills.com/proo...
🏠Watch our FREE Training on How To Get Started Wholesaling & Flipping Houses WITHOUT Spending $1 On Marketing Here:
www.realestateskills.com/trai...
🥇Check out our Pro Wholesaler VIP Program on How To Get Started Wholesaling & Flipping:
➡️ realestateskills.com/pro-whol...
^Download this so you always have the exact steps for getting Proof of Funds Letters for your wholesaling & flipping business!
What is a Proof of Funds Letter?
A Proof of Funds (POF) is a letter, document, or bank statement proving that a person or company has the financial ability to perform a real estate transaction. When wholesaling & flipping houses with real estate agents, most agents require you to submit a Proof of Funds with each & every offer you submit. This is because realtors want to verify you have the (or access to) cash on hand in order to close the deal.
A POF Letter can be a PDF or even a screenshot of a bank statement.
Keep in mind that your Proof of Funds usually needs to be from within the past 30 days. For example, if you're submitting an offer on July 31st, then the Proof of Funds submitted with your real estate offer needs to be from July 1st, at the latest. 30 days is the standard window that most real estate agents deem as acceptable for approving your proof of funds.
Why is the Proof of Funds necessary for being a Pro at Wholesaling?
If you never understand why the proof of funds is important to have & show, then you’ll always be an amateur at wholesale real estate. See, the amateur never gets a Proof of Funds & once an agent asks for a POF they go radio silent because they do not know how to get one. This typically destroys all rapport & momentum built with the agent up until that point. This means all of your hard work can go wasted if you do not know how to quickly get a Proof of Funds for every offer you submit.
On the flip side, Pro Wholesalers understand how to easily & quickly get our Proof of Funds first before submitting offers so that we never run into future issues, like an agent asking for our Proof of Funds when we do not have one!
This is what being a Pro Wholesaler is about. This is why we consider the Proof of Funds as the “Golden Ticket” - because it gives you the official credibility needed to be able to submit offers on property without any questions asked. This is why & how YOU will stick out from the rest of the pack. Having a proof of funds letter with each & every cash offer will make you credible & get you taken seriously.
2 Ways on How To Get A Proof of Funds Letter For Free Instantly
Be sure to watch the video for step by step instructions on how to get unlimited proof of funds letters instantly by utilizing efficient proof of funds generators online. In the video, I shared my screen to show exactly how to fill out the proof of funds correctly for your cash offers & wholesale deals.
Be sure to download the “2 Ways To Get Your Proof of Funds Instantly Step-by-Step Cheatsheet” we created for you here: 💰 www.realestateskills.com/proo...
^Now you’ll have the step by step instructions on you at all times!:
CHAPTERS:
0:00 Intro
0:23 What is a Proof of Funds Letter?
1:15 Why is the Proof of Funds necessary for being a Pro at Wholesaling?
4:45 How To Get A Proof of Funds Letter Instantly (1st Walkthrough)
12:18 How To Get A Proof of Funds Instantly (2nd Walkthrough)
👋 Say "Hi!" on Social & Join our Community:
💻 Website - realestateskills.com/?el=pofyt
📈 Program - realestateskills.com/pro-whol...
📸 Instagram - / realestateskills
📱 TikTok - / realestateskills
🐦 Twitter - / realest8skills
👨🏽💻 Facebook - / realestateskillsdotcom
Music Content IDs:
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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
![How To Find Cash Buyers For Wholesaling! [FREE]](http://i.ytimg.com/vi/Q7maiAaxDRQ/mqdefault.jpg)
![How To Find Cash Buyers For Wholesaling! [FREE]](/img/tr.png)
![How To Find Cash Buyers For Wholesale Deals! [FREE & ONLINE]](/img/1.gif)
🔥 Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: www.realestateskills.com/training?el=pofyt
First off... Thank you... For not paywall-ing this information. There are other vets in the business that are respectable in their own right, but rope people into buying into a monthly membership fee ($100) just to have access to these documents without mentioning alternatives. Little things like this get people stuck in analysis paralysis if they know they're missing things like this before getting started. Myself included as I was expecting having to break down and just fork over the $100 to have access to POF Letters. For someone just starting out, with very little cash to work with... $100 makes a difference, it really does. So again, thank you for this information.
Hey Matthew - you're welcome. Getting a Proof of Funds shouldn't be a bottleneck for anyone. Cheers & Happy Wholesaling 👍
Appreciate your thoughtful comment. Please Subscribe to our Channel if you dig our content. We'll keep coming out with more wholesaling gems.
Matthew U so right, we little guys with less pocket change surely can relate n October I bought n 2 a certain membership for POF, 2 days ago I saw it on my bank statement didn't even remember I purchased it over a month ago no more being foolish, this content was what I needed bcuz I made that mistake of looking not professional making an offer without POF with a realtor. This helps me tremendously thank U, thank U, thank U, 2 B continued
This is the stuff that makes me want to spend money with him
This was indeed helpful, Thank you Alex
well said. This is a prime example of ‘community service’ content. Giving away this valuable information for free has no choice but to come back around to you. Much love !
Wow man. Wow. Can't believe you freely gave this info. Everybody else wants to charge. Thank you, thank you, thank you, thank you.
We're happy to help, C Thomas! 😊
I've just started watching your videos. Thank you for giving clear step by step information on each subject. Your content has been very helpful.
You're very welcome, Celita! That is very exciting that you are starting your journey as a real estate investor! Thank you for the kind words and you got this!
Cheers! 🏘💙
Alex, all I can say is thank you so very much! I have been scouring the internet looking for just this one thing. And here, you have provided not one, but two sources for proof of funds! As a token of my appreciation of I have like, subscribed and hit the bell icon. Much more success to you!
You're very welcome! Glad I could help! Cheers to your success! 😎🏘 CRUSH IT!
Thanks Alex !! All of us aspiring Wholesalers needed to see this.
You got it, Michael!
Cheers & Happy Wholesaling! 🏘🤘
So glad I came across this! Thank you so much!
We're happy to help, Mahogani Hills!
Cheers! 🏠🙂
Great video and extremely helpful . Valuable content like this deserves my endorsement & subscription - glad to join the the team.
We're happy to hear you enjoy the content, MrDarkRoast! We work hard to share our experience and knowledge. Thanks for showing some love in the comments! 🚀
Cheers! 🏠
I find your videos very helpful. I appreciate you. Thanks so much!
You're very welcome, Robin! We're happy to hear that you find our content helpful!
Cheers & Happy Wholesaling, Robin! 🏘😊
Appreciate you breaking everything down. I've watched your step-by-step video on wholesaling so I'm currently on step 1 ready for this journey.
Hey Josh! You got it man. Appreciate you leaving a comment. Let's know we're on the right track!
Super glad you watched our step-by-step wholesaling video. Crush those steps & make it happen!
Also, please Subscribe to our channel when you get the chance! Definitely want you to know when our next video full of golden nuggets will be coming out!
Cheers & Happy Wholesaling, Josh! 🏘🚀
Thanks, this was very helpful, didn't realize the proof of funds were needed!
You're very welcome, Darrell! Including a POF (Proof of Funds) letter with your offers is a key step that makes you stand out compared to other offers that don't include it. It is a standard that professionals expect, so always include this step when putting in offers.
Cheers & Happy Wholesaling, Darrell! 🏘🙂
This is the most useful video I saw this year!!!
That's what we love to hear, Jose Cuenca! Now turn what you learned into action. 🚀
Cheers! 🏠
Alex, your parents raised you well! Wherever they are I'm very sure they are 100% proud of you for getting these GOLDEN or should I say PRICELESS information and tools for free. These information is so valuable for someone with not enough funds to be REI. Thank you, Thank you☺️. Thank you☺️. GOD BLESS YOU MORE!!!
You're very welcome, janjay! We hope you take this information and run with it and we wish you the best on your real estate investing journey! 🚀
Cheers! 🏠
Yes Janjay, I agree 120% and over ! 💪🤓 He's one hell of a great guy ! 👍 U don't find them just anywhere.
💙
LIFE CHANGING! Two years I've been trying to make something happen. Thank you. :)
You got this, Jamming! 🚀
Cheers! 🏡
Thanks for the information. I’m sharing it with my circle as we begin our journey to wholesaling real estate.
You're very welcome, Margaret! Appreciate you sharing the knowledge!
Great video man, thank you for continuing the content
Hey! Appreciate your comment! You're very welcome!
Please shoot us a Subscribe if you haven't yet! We'll keep the gold coming :)
Cheers & Happy Wholesaling! 🚀🏘
Thank you for the clear and concise video!
No problem, Hometown! Glad you enjoyed the video! We put a ton of effort into these videos so it's always nice to see a viewer drop into the comments and share some love.
Thanks, Hometown! 🏘💙
This was a great video, Solved my little road block instantly! Thank YOU!
You're very welcome, User! 😊
It was very helpful thank I’m starting my real estate company by following you I really appreciate it 👍🏽👍🏽🙏🏽🙏🏽
Congratulations! We're so happy to hear that our content gave you the push to move forward on your wholesaling journey!
As questions arise don't hesitate to ask questions! Most people also question how to talk to cash buyers early on so I suggest you watch our other video: ruclips.net/video/yPDBNoKgIUo/видео.html
Can't wait to hear all about your first wholesale deal!
Cheers & Happy Wholesaling! 🏠😊😎
Thank you!!! Other people was charging me for POFs... This is a relief.
BOOM! You got it, Daniel! Keep crushing it my friend!
Please shoot us a subscribe so you're notified when our next great piece of content comes out on wholesaling real estate!
Cheers & Happy Wholesaling, Daniel!
Thank you, a seller today was asking me a POF, life saver.
Is this your first time starting wholesale? My husband and I are trying to start wholesale and we are like “oh my goodness?
broooo wtffff how are we all going through this rn😅😂😂😂
Happy to help, @anthonymuhammad4140! 🚀
Cheers! 🏠
Alex, thanks so much for this video. I have just begun transacting commercial properties and this video is a lifesaver. You're the bomb!!!
We love to hear that, Greg! We're stoked you're getting deals across the table and our content assisted you! 🚀
Keep it up! 🏠
This information was very helpful. Thank you for your great content.
You're very welcome, Donald! We are happy to hear you're loving the content.💙
Cheers! 🏠
Brilliant bro! Thanks for all you do!!
We're happy to help, Jason! 🚀
Cheers! 🏠
Thanks, Alex. This video is very helpful. You are a frequent genius.
Thank you, Colin! 💪
Cheers! 🏠
I been watching your videos past 2-3 days and it’s helped me so much understand more with step by steps and the information needed to get started, Thank you 🤞🏽
Great to hear! Super glad our content is resonating with you. We only work at putting out the best wholesale real estate content! Thanks for the love!
Cheers & Happy Wholesaling! 🏘🚀
Have you taken a step to find or make a wholesaling deal?
Great vid, I like the background design.
Thanks Thomas! Glad you liked the vid and learned a couple things about the proof of funds! We recently remodeled our studio. Thanks for noticing! 😎
I am glad I found your page, when you were explaining about the on market deals and being an amateur at 2:00,
all I could do is laugh when you said “radio silent” 🤣
Glad you got a good laugh, Loe! 😆 This is definitely an important step to have your POF (Proof of Funds) ready and sent with each offer. Make yourself stand out from the pack and present your best foot forward!
Cheers & Happy Wholesaling, Loe! 🏘🚀
@@RealEstateSkills thank you
This was another excellent video!!! You are making me into an excellent wholesaler!!!
Hey thank you so much for your comment! :) We put a ton of time & effort into these vids for you! You are becoming an excellent wholesaler! Let's go!!!
Now you know a great amount about the proof of funds! ;) Which is KEY knowledge for any wholesaler!
Cheers & Happy Wholesaling! 🏘
Wow..I've been studying videos for 3 months now..even at work🤫. Your the only person who gave a step by step to find POF letters. Than you so much
Hey Angel! Appreciate the love! :) Wishing you nothing but the best on your real estate journey! Crush it!
He’s a real one that’s why. Half the things that these gurus charge for are available free to you on RUclips. Most are too lazy to just search
Thank you so much, All your videos are helpful a lot for me as a newbie REI. God Bless you. ❤
Hello, Rosa! We appreciate your support, and we're ecstatic you love the video! 💙
Cheers! 🏠
Epic tips for getting a proof of funds letter (POF) when you're submitting offers on properties! Perfect for both wholesalers and real estate investors. Thanks for the clear, concise, and quality video as always!
Absolutely! When working with real estate agents, the Proof of Funds Letter is essential for making offers of the highest quality & getting cash offers accepted! 🏘
Thankyou very much for your presentation. Alex wishing you a very Happy & Prosperous New Year. Please do presentation for commercial wholesale deals on Apts and other things.
Hey there again, Kam! Thanks for taking the time to comment, and we and the team hope the same for you! Thanks again for the suggestion, and I will add it to the list.
Cheers & Happy Wholesaling, Kam! 🏡😊
This was helpful. Thank you! 🔥🐊
You're very welcome, Terril! We love to hear our content was helpful.
Cheers, & Happy Wholesaling! 🏠
Thank you Alex, you are such a gem.
@maryadesanya7504 Happy to help! 🙂
Great Stuff. Thank you. You're the man.
We're happy to help, David Schutzman! 😊
Got a new sub brother good stuff 🎉, very helpful
We appreciate the support, UFOSnMusic! 💙
Loved it simple and helpful
Thank you, ITeation! We're happy to hear you enjoyed our teaching method.
Cheers! 🏠
Thank you so much for doing all of this for free!!!
Hey Julie! You're welcome! Thanks for leaving a comment! Please hit Subscribe if you haven't yet! ;)
Cheers & Happy Wholesaling!
Thanks for this bro 💪🏽
Glad you dig it! You’re welcome. 😎 Time to get after it!
Great video Alex!
Thanks Jose! Glad you enjoyed it! Our goal was to make this the best videos on RUclips for getting Proof of Funds Letters fast! Hope this helps you on the journey!
Cheers & Happy Wholesaling! 🏘🚀
Thank you for the information!
No problem, Jean! We're happy to hear you're enjoying the content!
Cheers, Jean! 🚀🏡
Wow thank you for this. I diving back into wholesaling and you aee the only one i found so far that shows how to get the POF and explained without making us pay for it... Thank you cuz most of us are starting out with no money 🙏🏾🙏🏾🙏🏾❤❤
You're very welcome, Ashley! That's where most of us start. This is why we feel wholesaling is one of the best ways to get into real estate investing. You got this! 💙
Cheers & Happy Wholesaling, Ashley! 🏚️🛠️🏠
@@RealEstateSkills 🙏🏾🙏🏾🙏🏾❤❤❤
WOW, simply just thank you!
You're very welcome, Shykira Smith! 🚀
You are so awesome I was stuck until I wacth your video.
We're happy to hear you loved the video, Aquarius! 🚀
Cheers! 🏠
You are the GOAT bro!
Thank you, JCoburn! We put a ton of effort and 10+ years of experience in real estate investing.
Cheers & Happy Wholesaling, JCoburn! 🏘💙
I was SUPER HELPFUL THANK YOU!!!!
You're very welcome, Andrew! We're happy to help!
Cheers!🏘💙
Alex luv it!!! Thank you !!
Thanks for the love, John! We always appreciate it when people love our content!
Cheers!
That was so helpful, thanks 👍👍👍
You're very welcome, Tunde! 🙂
Cheers! 🏘
Thank you it was great information 👍
Thanks Jose! Glad you enjoyed it! 👍 🏘
Just recently joined the pro wholesaler course let’s get it!
Congrats! Time to roll! Let's go!
you deserve a sub for that! Thank you!
Thank you, Darel! 🙂
Cheers! 🏠
Thanks man great info
You're welcome, EPIC CHANGES! 🚀
This is great content. Thank you.
You're very welcome, After! 😊
Cheers! 🏠
Good job on this video. 👏🏿👏🏿
Thank you, Jennifer! 💙
Cheers! 🏘
Wow a lot of knowledge very very informative always on every video this is like life hacks man got me feeling excited.
:) Appreciate the comment & support! Glad you dig!
Definitely subscribe if you haven't yet. We'll be coming out with more great content around wholesaling & real estate investing!
you’re amazing bro thanks
We're happy to help, @NE0ai!
Cheers! 🏠
Thank you so much 😊 just secured the document I need for a $250k assignment fee
LFG, CEO.Martin! 🚀
We would love to hear more about your deal!
Cheers! 🏠
Did u close on DEAL YET ???
@@massdusters5163i would like to know too
Any updates?
thanks this is very helpful!
Glad to hear, Ramon! Appreciate you leaving a comment! Now you know how to get proof of funds letters for each & every offer you send ;)
Please shoot us a Subscribe if you want to be notified when our next video on wholesaling comes out. Much more to come :)
Cheers & Happy Wholesaling! 🏘🚀
It was very helpful!!!
Thank you for the kind words and appreciation, Robert! 💙
Cheers! 🏠
You’re the best!
💙
very helpful. thank you
You're very welcome, @sessinganderson5065! 🙂
Lifesaver!!!! 🙌🏽
💙
Oh my Goodness thank you so much for this may God bless you
@zekiahlee34 You're very welcome! 🙂
you're amazing, thank you!
@SeliaWilliams-x8j We're happy to help!
Mahalo Pace! You are da man!!!
Thanks for the love, Peter!
Cheers!🏘💙
Oh man.. thank you so much! 🙏
God is good!
You're very welcome, Garcia! 🚀
Cheers! 🏠
This was so helpful...
@ExpectingTheKing! That's why we do this! Glad you learned from our video. 🚀
Cheers!🏠
Super helpful.!! Aloha!
Thank you, USO! 💙
Aloha!🏡
Great content. Stumbled across your channel attempting to problem solve how to get a deal done through an agent. I believe this is exactly what I needed. Thank you sir.
Hey Ron, super glad you found this helpful my friend! We've been doing deals with agents consistently for 10+ years. You came to the right place! :)
If you haven't yet, definitely Subscribe because we'll be coming out with more & more content on wholesaling & flipping houses from the MLS and with real estate agents!
Cheers!
Thank you so much!
@arlyndafilmore171 You're very welcome! 💙
Good afternoon Alex, I'm very interested in the wholesale market. Watching your videos has helped me a lot and understand the wholesale market
We're happy to help, @JohnRoche-de1fl! 💙
Thank you!
@mutakkamuhammad6267 You're very welcome!
thank you Alex
Hey boss, you are very welcome!
Cheers!
I’ve subscribed!
Thank you, Emanuel! 💙🚀
Cheers!🏘
Thank you so much for these videos. You are not only building your personal kingdom, but are building a kingdom in heaven for helping all of us just beginning our wholesaling journeys. Very much appreciated!!!
Thank you very much, Carrie! We love to hear when people love our videos!
Cheers! 🏠
ALEX youra life saviour
🚀💙
Extremely helpful. The Ghurus are charging $1000 minimum for proof of funds
So happy you found this information helpful Reginald! Thank you for taking the time to comment!
Cheers! 🏘
These are really good gems here and In all your other videos. I came across your channel and subscribed and turned notifications on after the first video alone. I appreciate the free game and god bless 💯🙏🏽
Also, I understand that they might not always pick up the phone but are the deals guaranteed to go through once realtor approves and the company approves? Or should I ask do they actually review every offer that gets accepted by a realtor to see if it’s something they wanna follow through with as well or is it more like you get lucky if they even review the offer you sent out and got accepted from the realtor?
Hey there! Thanks so much for the comment! :) Glad you dig the channel! There will be tons more coming out! God bless!
Hey there, a great perspective is to think that a deal is never guaranteed until the deal has actually closed and the money is in your account. If you don't think this way, then you will once you start getting experience!
One of the first goals is to get the contract "executed". This means that you have signed the contract and the SELLER has signed the contract. Now the contract is executed & binding. Now you own the contract rights as the first original buyer. Once this is the case, now you contact your Cash Buyers (who you should have already talked to and have a relationship with) and the Cash Buyer who wants the deal will pay you an assignment/wholesale fee.
Your questions got a little wordy and confusing. If my response didn't answer your question, then please re-word it in a more concise manner! 😎
Cheers & Happy Wholesaling! 🚀🏘
@@RealEstateSkills yeah I tend to do that sometimes lol let me try again. Do these companies actually get involved in the offer you’re trying to bring to the table (potential cash buyer) or are they only used for the proof of income letter? like they don’t actually look at the info you submit to them for the offer you’re trying to send out they just send you the letter you need and that’s it?
No these companies don't get involved in the offer you're trying to bring to the table. They're only used for the proof of funds letter, they send the letter automatically to you. The only time you'd actually use the funds from this company is if you wanted to use them for transactional lending and double close a wholesale deal. But once again, you do not need to use their funds. You can use the proof of funds letter as a means to get the deal under contract and you can then assign the contract to a cash buyer and get a wholesale fee.
Great content
Thank you, Ben! 🏠
Thanks so much
You're very welcome! Hope you enjoyed learning all about the Proof of Funds Letter! 😎
Please shoot us a subscribe if you want to be notified when our next videos on wholesaling real estate come out!
Cheers! 🏘
This guy is great
Thanks for the comment!
Awesome you Rock
Thanks! You ROCK!
Thank you.
You're very welcome, Harry!
Cheers! 🏠
Great video you kept it real short n sweet!! Do you do coaching for wholesaling I need a coach?
Thanks Hall of Fame! Appreciate the comment!
Yes, we offer World-Class training & coaching for wholesaling. We'd love to have you become a client & student, but only if it's the right fit. Here's how you can speak to my team & I about our Pro Wholesaler VIP Program.
First, watch this additional free training here: www.realestateskills.com/training?el=pofyt
^This training is about ~38 minutes that will dive into exactly how our program, mentoring, & coaching works. Our Program isn't just "videos you watch". The Pro Wholesaler VIP Program contains twice-a-week coaching calls where we do screen shares & help you to analyze deals so you can consistently wholesale houses wherever you're located.
Once you watch the training, you'll be able to schedule a free one-on-one Strategy Session Call with my team & I to map out the game plan on getting you started & seeing if we're the right fit to work together!
Once again here's the link, you'll be able to schedule your One-on-One Call on the page after watching the training: www.realestateskills.com/training?el=pofyt
Cheers & looking forward to talking soon, my friend! 🏚🏠🚀
Alex thank you for taking the time to show us so much. I'm a little confused. my funds will eventually come from a cash buyer, is this almost like a filler to be able to get access to property info?
Hey Kattia, appreciate you leaving a comment! Thanks for the comment!
Yes, the Proof of Funds Letter needs to be looked at as a "means to an end" to getting your offer (and you) taken seriously by the real estate agent. It doesn't matter where the source of funds actually comes from when it times to close on the deal!
thank you for the content! very helpful. Do these sites provide actual funding as cash buyers if the offer is excepted and we don't necessarily have a cash buyer lined up?
Hey JeanPaul, you are very welcome!
These two sites specifically provide transactional lending which is short term lending (think 24-72 hours). If you want longer term capital to actually buy a deal to renovate it and re-sell it, then check out Hard Money Lenders & Private Money Lenders rather than transactional lenders.
This was extremely helpful. My question, once I have the property under contract. Is there a template/proposal/package I should use to market the property to cash buyers?
Hello, Tarsha! We do have what we call a "Platinum Platter" we provide to our students in our Pro Wholesaler VIP Program. You can check out our free training here then book a call with our team to see if we are a good fit for each other here: www.realestateskills.com/training?el=pofyt
In general, you should know your cash buyers buying criteria and bring properties you know they want. Once you have it under contract, you can call them and run through the numbers.
Cheers! 🏘🚀
Hi Alex, Excellent information. Thank you so very much! Question, when getting an LLC, should I use my home address or get a virtual mailbox address for this type of business?
Hello, True! Hello! I'm glad you found the information helpful. When it comes to choosing an address for your LLC, there are a few factors to consider:
Privacy and professional image: Using a virtual mailbox address can help maintain your privacy by keeping your personal address separate from your business. It also adds a professional touch, especially if you don't want to use your home address for business correspondence.
Legal requirements: Check the specific regulations and requirements in your jurisdiction regarding the address you use for your LLC. Some regions may require a physical address, while others may allow the use of virtual addresses.
Mail handling and accessibility: Consider how you prefer to receive and manage your business mail. A virtual mailbox offers convenience, as you can access and manage your mail remotely through online platforms. If you choose to use your home address, consider mail forwarding services or a separate business mailing address to ensure efficient mail handling.
Costs and logistics: Evaluate the costs associated with virtual mailbox services compared to using your home address. Additionally, consider the logistical aspects, such as potential limitations on package deliveries or mail forwarding.
Ultimately, the decision depends on your specific needs and preferences. If privacy and a professional image are important to you, a virtual mailbox address may be a suitable option. However, ensure that it aligns with legal requirements and consider the practical aspects of mail handling. Consulting with a business professional or attorney can provide further guidance based on your jurisdiction and circumstances.
Cheers & Happy Wholesaling, True! 🏠🚀
Solid
Thank you again, Ricky S!
Cheers! 🙂
Great content, thank you!! Question for the pof letter it says loan, am I asking for a loan or pof letter??
Hey Kelley, thanks so much for the comment! Glad you enjoy our content! :)
So when wholesaling & flipping real estate, most of us use hard money loans, private money loans, or transactional loans which are typically seen as good as cash. You are not literally getting a loan by simply just getting this Proof of Funds (POF) Letter. The POF Letter is simply showing that you have access to the funds if need be!
Also, when utilizing these websites you aren't necessarily "asking" for a loan or POF Letter. Just simply follow the instructions in the video, fill out the online form, and the Proof of Funds Letter will be sent to you.
Cheers & Happy Wholesaling, Kelley! 🏠
Awesome
💙
Thanks
No Problem, Ice Cold! 👍
Phenomenal information! Question..The offer price is what we want to get the property under contract (before the wholesale fee is added), correct? Thanks!
Yes, that is correct, Bert! Your wholesale fee is the difference between what you can negotiate the property for versus what you can sell it to your cash buyer for while keeping it within their buying criteria.
Cheers & Happy Wholesaling, Bert! 🏘😎
May god bless you🤞🏽
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Hey man your RAD!!!!!!
@kenwilliamson2948 Thank you! Glad to see you liked the video. 🙂 Make sure you sub so you don't miss out on future videos just like this!
Hi Alex! Great videos with great insights and valuable information. I have a question, can the process of wholsaling houses be done by someone like me? Non american and I don't live in the US. Thanks a lot for the videos!
Hello, Ana! You will have to check your local region's laws and regulations.
Cheers! 🏠
best video on youtube
💙🚀
@@RealEstateSkills I’m ready to change my financial status to millionaire hopefully you can help me out
@Bubbatrucka Have you started your real estate investing journey yet?
Hi Alex ! I really like the way you prepare and make your videos on this platform. You are being very helpful to those out there, including myself, that wants to make a career and a success of real estate investing, property Wholesaling, fixing & flipping etc.
Its good to see there are people and leaders out there, that are not selfish with their success and how they achieved it, but are willing to share and help others genuinely to also achieve. thanks Alex, you being a great guy.
I wish you more & more success with whatever you decide to do with your life, and those that you love, also included.👌 U go boy ! 👍
Thank you for the kind words, Stallion! 💙
Cheers and best of luck on your real estate investing journey! 🏠
@@RealEstateSkills Thank you for reply in fact, it tells me you are interested, and above all, quite very professional, and I like that. As soon as I have achieved, I will let you know. Make no mistake, I will let everyone know that I learned it from you.👌 Take care, I live out in South Africa.
@@RealEstateSkills Thanks for the info! What if you want to flip it instead of assigning? I've flipped a few homes, but my cash is currently invested in the home where I live with my wife and kids.
Hello I have 2 questions, if I dont have a LLC what should I do? Also when getting a proof of funds do I put the price the house is selling for or the price I want to wholesale it for? Thank you excellent video!
Hello again, J! If you don't have an LLC to start, that is okay, but it is definitely something you should work towards forming. As for the price, you should put down the price you are offering. We're glad you like the videos, J! 💙
Cheers & Happy Wholesaling!🏠