Comments on: Proof of Funds Letter For REO Offers

By: Anonymous

Anonymous — Wed, 11 Feb 2009 07:08:00 +0000

Coastal Funding
800-262-6035 – Eric Direct

I noticed I had a typo in the last post. I hope this helps some of you like it did my business.

By: Anonymous

Anonymous — Wed, 11 Feb 2009 07:04:00 +0000

I Have closed a total of 7 deals with Eric and Ryan over at http://www.Coastal-Funding.com and I can tell you they are the real deal. They have saved the day in many ways for me. For one they set me up with a nationwide title company who is in Tampa Fl who closes Land Trust deals. This was the first deal they funded for me and was during a time when title comapanies would not close land trust. Never late on the money. As soon as title is ready they wire funds for my deals to close. You wont be sorry. 800-262-6036 direct to Eric. It’s almost to good to be true and if I had not seen for my own eyes. No upfront fees no charges if deal doesnt close and the list goes on. I have called the 1% guys and it seems like a marketing scheme?? Good Luck!

By: Darlene

Darlene — Tue, 09 Dec 2008 14:43:00 +0000

You can also try Rocky Valley Properties, Inc. at shortsalefundingnow.com

Fees are only 1% + $300 flat fee

Proof of funds letter and letter of funding for submitting offers

Fund in any state

No credit, No risk transaction

Also require to have end buyer

No LTV either

By: Jarred

Jarred — Mon, 08 Dec 2008 23:09:00 +0000

I have a way to Flip any REO or Short-Sale you can use funds that are only 1%. Plus the title Co works with the people who are lending the money and have an 80% close Ratio Contact me if your interested

jbonica119@yahoo.com

By: Stephani

Stephani — Fri, 28 Nov 2008 18:12:00 +0000

Anonymous,

I thought about getting a stylus, but it just seems like a pain to have to carry that around, too- and I'm really bad at losing/misplacing things, so that would probably be lost within a week or 2.

Jason-

Yes, it is the touchscreen that I am having issues with. I am getting better at it, though, and think it is just going to take a few weeks before I get used to it.

I didn't realize Friday was the day after Thanksgiving when I wrote the post- I'd rather saw my limbs off than go anywhere near a mall/gadget store on Black Friday. No way.

By: jasonhh

jasonhh — Thu, 27 Nov 2008 00:33:00 +0000

Hey Steph,

It took me a minute to get used to typing on a touch screen (iPhone), I'm assuming that is what is driving you crazy? If not, blow off the following: it does take a bit to get used to when typing, but once you get the hang of it, it's awesome and easy.
Give it a minute, you'll get it.
If that's not the problem, why do you hate it?
Are you nuts? I wouldn't go near a gadget store on Friday!!
iPhones, @#$$ yeah! Errr..

J

By: Anonymous

Anonymous — Wed, 26 Nov 2008 17:11:00 +0000

Steph, can you maybe use a stylus (like a pen without ink or a point) instead of your finger? They sell extra styli for the Palm PDAs at computer stores, probably just a buck or two.

By: Bill

Bill — Wed, 26 Nov 2008 00:55:00 +0000

Hi Steph – Great post!! I look forward to your new faqs. Coastal Funding is a great source for transactional funding. Tell your readers to ask for Eric and I’m sure he can hook ‘em up with a proof of funds letter.

By: Stephani

Stephani — Tue, 25 Nov 2008 22:11:00 +0000

Hi Kyle,

I think I am going to go back and get the Curve (the pink one).

This thing is driving me nuts.

Steph

By: Stephani

Stephani — Tue, 25 Nov 2008 22:08:00 +0000

Hi Antonio,

Thanks for stopping by..

This is probably not what you want to hear, but if I were in your shoes (actually, I was in your shoes, about a year ago), I would get some sort of job just so that I had a little bit of cash coming in. If you have restaurant experience, maybe you could wait tables or bar tend at night, and then work your real estate biz during the days.

I jumped in full time last year and I did not have any savings, and I did not know what the hell I was doing...let me tell you- it was BRUTAL.

Despite what many of the guys say who are trying to sell you courses and mentoring programs- this business is HARD WORK, especially in the beginning, and there is a HUGE learning curve. I've been busting my ass for 2 years straight, and only now am beginning to feel like I really know what I'm doing.

I am not trying to discourage you in any way, I'm just trying to tell you honestly how it really is. Maybe it will be easier for you, but for me, it took a long time for things to finally start to click...

Anyway, on to your questions...

You are at a great advantage having access to the mls. I would start out by getting to know a few neighborhoods really well- study the comps to see who is buying what, and for how much. Call "for rent" signs and ask the landlords if they are looking for more properties, and if so, what price do they need to buy at. Call the "we buy houses" signs in the area and start networking with other wholesalers. Once you get a good feel for the neighborhood, and understand what a deal looks like in this particular area (this could take awhile), then, I would start making offers, and shopping them to your investors that you found while getting to know the neighborhood.

Good luck, and feel free to come back with questions if you have them.

Steph