"Proof of Funds"

To be successful in getting your investment properties funded by
private hard money lenders there two steps to follow. It is NOT
that difficult!

1. Plan on devoting at least 5 to 10 hours a week on your investing
business.

2. Divide that time equally in FOUR areas: FINDING excellent
properties, WRITING OFFERS on those properties, SUBMITTING those
properties to private hard money lenders for funding and finally,
ALWAYS MARKETING AND ADVERTISING THE PROPERTIES and working with
buyers.

Not every property will be an "excellent" property.

Not every offer will be accepted.

Not every property will be funded.

Successful investors know that there are "numbers" and they use
that to their advantage.

They screen many properties each week.

They prepare to submit offers by having their "proof of funds"
letter ready.

And they FOLLOW THROUGH and submit the properties they
get under contract to their private hard money lender and go to
closing.

Next, you need to know the lenders guidelines and avoid submitting
properties that do not meet those guidelines. The right property,
in the right location, for the right lender.

If you do not have any money for incidentals like appraisals,
inspections, etc., get a partner who does.

If you are planning to do rehab, some lenders will also lend you
money for that by placing money in an escrow and then reimbursing
you or paying your contractors directly when the work is finished
and an inspection is completed.

Some investors will get a credit card from companies like Lowes,
or Home Depot and use that for materials and even contractor work.
Then they save the receipts and get reimbursed from the lender.