Saturday Quick Tip -- 3 Free Ways To Get a Proof of Funds Letter for Wholesaling | TTP Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 13 January 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (TTP Edition), Brent discusses proof of funds, which is often required by real estate agents and homeowners to prove that a buyer (you) has the cash to purchase a property. But what do you do if you don't have the funds? Brent breaks down exactly what you can do on this episode.
Show notes:
- What is hard money lending and where do you find it?
- Relationships are key when dealing with hard money lenders -- Brent breaks down how to go about it.
- Why local hard money lenders are better than national hard money lenders.
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☎️ Welcome to Wholesale Hotline & TTP Breakout🦏🍌! ☎️
Brent Daniels is a multi-million dollar wholesaler in Phoenix, Arizona… and the creator of “Talk To People” — a simple, low cost, and incredibly effective telephone marketing program...
Also known as “TTP”... it helps wholesalers do more, bigger, and more profitable deals by replacing traditional paid advertising (postcards, yellow letters, bandit signs, and PPC) with being proactive and taking action every single day!
Brent has personally coached over 1,000 wholesalers enrolled in his “Cold Calling Mastery” training, and helped 10,000’s of others who listen to him host the Wholesaling Inc. podcast, watch his YouTube channel, and attend his live events...
A natural leader, Brent combines his passion for helping others with his high energy, “don’t-wait-around-for-business” attitude to help you CRUSH your wholesaling goals as quickly and easily as possible!
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JOIN BRENT FOR THE LIVE SHOW EVERY WEDNESDAY AT 10:00 AM ARIZONA TIME: https://www.youtube.com/c/BrentDanielsRealEstateCoach/
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💲 USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS: ttplinks.com 💲
Become a "TTP Insider" for exclusive tools and trainings (it's FREE to join)!: https://www.talktopeople.com/insider/
Want to work with me one-on-one? 📞 Book a call with my team!: https://www.talktopeople.com/coaching
Service for Distressed Property Lists and Property Valuations - “TTP Data!”: http://ttpdata.com/
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🔌 PLUG IN & SUBSCRIBE 🔌
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‼️‼️Pro tip: Make a post with your market & what you need help with‼️‼️
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You are listening to another TTP breakout with Brent Daniels on the Wholesale Hotline podcast. |
| 0:14.6 | One of the most powerful tools that we have in our offer arsenal is to make all cash offers. But how are you supposed to make all |
| 0:23.9 | cash offers to motivated property owners if you don't have the cash to buy it? It is very common |
| 0:31.8 | for real estate agents and homeowners to ask for something called a proof of funds. |
| 0:37.6 | They want you to prove that you can actually purchase the property. |
| 0:41.2 | I'm going to explain proof of funds and I'm going to show you three easy and free ways |
| 0:46.3 | to get your hands on a really solid proof of funds. |
| 0:51.1 | If you're new here, my name is Brent Daniels and on this channel I pass along the |
| 0:55.2 | tactics and the strategies that I'm currently using in my own seven figure business. So you don't |
| 1:00.8 | have to go out there and waste a bunch of time and money experimenting yourself. So let's hop in |
| 1:06.0 | to proof of funds. When I first heard the term hard money, I was really freaked out about it because I thought |
| 1:13.2 | it was like a loan shark. You know, like the movies where they lend you money and you have |
| 1:17.8 | to pay them back in like a couple of days with like super high interest rate or they're going |
| 1:22.1 | to come and find you and break your knees or something like that. That's not what this is. |
| 1:26.7 | This is a very common practice in |
| 1:28.7 | real estate investing because what it really starts with is a group of wealthy people. Wellty people |
| 1:34.4 | have excess funds and they don't want to keep it just in a regular conventional bank account |
| 1:39.2 | because they're not earning any money on it and sometimes they're actually losing money |
| 1:44.2 | especially when inflation goes too high so they want to put it somewhere where |
| 1:48.1 | do they put it well there are funds out there there are private money funds that |
| 1:53.3 | all day long they are trying to recruit wealthy people to put their money into |
| 1:58.9 | their private money hard hard money fund. |
... |
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