Jason Craveiro, a Real Estates expert provides strategic advice to clients at all stages of the acquisition process from sourcing and identification, to negotiation, due diligence, and asset management.
Proof of Funds
There are some ways acceptable to lenders and sellers to indicate P.O.F. to shut your Commercial land transaction:
Bank Statements or Bank Verification
Brokerage Account Statements or Verification
Escrow Account Verification
"Bank Verification" can be the foremost acceptable and widely used method to substantiate the investors can complete the proposed deal. intrinsically money must be put into a checking account and confirmed by statements or letters from the banker. this can be a "hard" (versus soft) method of verification because money is deposited in an account within the buyer's name to function proof the client can complete the transaction.
For further information, you can read some blogs of Jason Craveiro which I am sharing with you, and for daily updates, you can follow him on Twitter and Crunchbase -
Blogs - https://jasoncraveiro.blogspot.com/2021/11/How-to-Become-Real-Estate-Agent-.html
https://medium.com/@jasoncraveiro/10-property-management-tips-by-jason-craveiro-8e6b57509821
Twitter - https://twitter.com/craveiro_jason
Crunchbase - https://www.crunchbase.com/person/jason-craveiro
0 Comments