Congrats! You found a great investment deal and now you’re ready to get it under contract. If you want your offer to stick and have some real weight behind it, make sure you include a proof of funds letter.
A Proof of Funds letter is a SIMPLE, BUT POWERFUL, tool that significantly improves your chances of getting and closing your real estate deal. This document shows sellers that you’re not only a serious buyer, but that you have enough money to actually follow through on the purchase.
In fact, most borrowers and agents won’t even look at an offer unless there’s a Proof of Funds letter attached.
A proof of funds letter verifies and provides proof to a seller that the funds to purchase their property are available and ready to be used toward the purchase.
After you have determined that you want to make an offer on a property, the next step will be to acquire a proof of funds letter so you can get it under contract and begin the due diligence process.
What You’ll Need For Your Proof Of Funds Letter:
With funds at the ready, Cogo Capital is happy to offer proof of funds letters to real estate investors. Cogo Capital issues proof of funds for current borrowers, as well as other investors that are serious about closing on a properties using Cogo Capital to help fund their deals. We know you need to move quickly and we can issue the document within minutes of your request!
The first Private Money loan with Cogo. My first transaction with COGO Capital went well. We were able to get the deal funded and closed in under 30 days. Many thanks to the team at Cogo for making it happen!!!
Clyde W. California
Plain and simple! The most professional and accessible service ever! Thanks, COGO capital for being there for us the real estate entrepreneurs!
The entire process was positive from start to closed. Some deals close with little or no issues. Some have a way of not wanting to close. The team at CoGo took the time and worked with seller, buyer, attorneys, and Title company to make my deal work! Thank you for all your hard work, patience, and effort.
My first loan with Cogo and my loan officer Terri was there every step. I would call her with any and every question that came to mind and she would gladly answer and if she couldn't she would get back to me with an answer. On to the next closing.
I just completed my first flip loan with COGO and I have to say, their team was awesome to work with. None of my questions went unanswered, and they guided me through the process. Communications were 100% and I am a great appreciator of that! If you're looking for the answer to "Where am I going to get the money?" then COGO is the place to get it!
Good loans for fix and flip opportunities. Also good educational and training programs.
It is an excellent place on how to learn and grow fast in your real estate business. I highly recommend CogoCapital for you!
Without COGO, I would not be where I'm at today financially, and I'm glad that they gave me a shot on my first fix and flip. The 1 star reviews are just from the haters. If you're new to real estate, and need a chance for funding, COGO is the way to go.
When banks say no call Cogo. They really helped me out. Everybody I worked with was top notch!
It was great working with Cogo again. This is my 6th loan and I am glad to have Cogo helping me grow my business.
Pine Builders, LLC
You got us started and helped us finish with being the recipient of the very first 30 Year Loan with COGO! Jaclyn Olsen was burning some midnight oil to help us too. We are greatly honored! And there's a back story. The property that secures that loan, is the very first house - a HUD repo fixer upper - I bought as a joint venture in 2003 with what I learned from Lee's "Fortune in Foreclosure" material. I made my JV partner a $Million Buck$. Now...rinse and repeat!!!
Robert, Tanya and Doug were maika'i (excellent in Hawaiian) in facilitating the entire loan process. They are very detail-oriented so I knew exactly what was needed. Their consistent and persistent follow-up emails and phone calls got everyone involved moving forward toward getting my project funded. Mahalo nui loa (thank you very much) for your kokua (help) and kala (money). ALOHA!
Cogo Capital goes beyond the extra mile to make getting funding for your project a reality. I would work with Robert and Tanya any day. They are the best loan originator and processor I have worked with.
Global Capital Investment LLC
From the time we were introduced to everyone on the team - from The Lee Arnold System of Real Estate Investing to the loan officers at Cogo Capital, the phone is always answered, we receive global customer service, and that service is supreme.
I have had a great experience so far with Cogo Capital. I am about to close on my first flip next week, and I couldn’t be more pleased. I feel that they truly live their purpose of being successful by making me successful. All the individuals that have touched my file one way or the other have been of tremendous help. Every time I end a phone call with any individual there I learn something new. I was honestly hesitant, and the only regret I have now is not doing it sooner. Terri Antonson, Serge Skala, Jeff W, and Robert Tavares ROCK!!! Thank you all for helping me make my dreams come true
Not available where prohibited by law, or in states where Cogo Capital does not trade. Loans are available only on non-owner occupied real property. NMLS #1760709; Arizona Mortgage Broker License #0950084; California Finance Lenders License 60DBO-101344. Loans are also available in California through Cogo Capital Orange County, Inc. – California DRE License #01928542; NMLS #1051036. Please click here for the Secured Investment Corp NMLS Consumer Access Page.
Proof of Funds Letters are not a guarantee for financing. All loan applications are subject to final underwriting. Cogo Capital Underwriting Guidelines are subject to change without notice. The above statement The above statements and Proof of Funds Letters are not and shall not, under any circumstances, be construed as a commitment on the part of Cogo Capital to provide any financing. COGO CAPITAL SHALL BE UNDER NO OBLIGATION TO FUND ANY LOAN TO ANY BORROWER UNLESS AND UNTIL IT IS SATISFIED, IN ITS SOLE AND ABSOLUTE DISCRETION, WITH ITS DUE DILIGENCE REVIEW AND FORMAL LOAN DOCUMENTS PREPARED BY ITS COUNSEL.
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