If you are buying through an LLC, ensure the POF reflects funds available to that specific entity or its members.

Lenders typically look for , meaning assets that can be converted to cash quickly.

A standard letter from your financial institution should include:

Proves you have extra cash to handle initial repairs or vacancies. 📄 What Qualifies as Proof?

Must match the borrower or the purchasing LLC. Balance: The total amount of accessible funds.

Stocks, bonds, or mutual funds (often valued at a haircut, e.g., 70-80%).

A formal letter showing an available, undrawn line of credit.