I've recently partnered up with a business associate to start buying REO's and Short sales. I'm about to present 3 offers and I asked him to provide me with a proof of funds letter for each one. What he gave me almost blew me away. He sent me a letter from his bank showing that he had mid six figures in his bank account to back up what ever property I was bidding on.
My question is this: How do I use that letter for each of these offers? Can I just make a copy of it and submit with each offer or do I need him to only set the $$ amount to what my offer is?
Thanks in advance for pearls of wisdom.
"It's not what happens to you that determines how far you will go in life,
it is how you handle what happens to you.