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Funding

Follow These 2 Steps to Wholesale W/O OPM or POF

bucksAre you struggling to find OPM – Other People’s Money to fund your deals? And even a good Proof of Funds (POF) letter?

Well – hold it right there. Because regardless of whether you do (i) an assignment or (ii) a double close on your wholesaling deals – either way, you don’t need OPM or POF.

No, really, you don’t need any funds…

Hey Moguls, Patrick Riddle here, and that’s just one of the many reasons why I love wholesaling so much. It’s a low-risk strategy – for anybody – and especially for newbies who don’t have a lot of money to begin their investing career.

Impt. Note: If you want to make an offer on a property listed with an agent, you will need a POF letter. Realtors expect it, it’s pretty standard. And, you’ll be required to put down earnest money on listed properties of 1% of the purchase price.

But, when you’re working directly with sellers, you should be good…


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