Automated Proof of Funds Letter Generator

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Automated Proof of Funds Letter Generator

Inspired by a conversation on:

Wholesaling Inc with Brent Daniels

Wholesaling Inc with Brent Daniels

WIP 1832: #Classic - Wholesaling Quicktip - 3 FREE Ways to Get a Proof of Funds Letter

Host: Brent Daniels

Timestamp: 07:00 - 08:00

Listen to Episode • View Podcast • All Ideas from Wholesaling Inc with Brent Daniels

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Feather Flow

Direct Quote

"You go right here to the proof of funds request. You click on it and it takes you right here and they will fill this out."

Market Gap

Obtaining proof of funds letters can be cumbersome for wholesalers.

Many real estate wholesalers need to provide proof of funds letters to sellers and agents to demonstrate their ability to purchase properties. However, the process of obtaining these letters can often be confusing and time-consuming. Wholesalers may have to contact multiple lenders, navigate different requirements, and wait for documentation, which can delay their ability to make competitive offers. A streamlined solution that automates the generation of proof of funds letters would solve this problem by making it faster and easier for wholesalers to access the essential documentation needed to secure property deals. This is particularly important in fast-paced real estate markets where timing can be critical.

Summary

An automated online platform that generates proof of funds letters could significantly simplify the process for real estate wholesalers. By inputting basic property information and their financial details, users could receive a professionally formatted proof of funds letter instantly. The platform could integrate with various hard money lenders to verify the necessary information and produce the letters based on real-time data. This would not only save time for wholesalers but also enhance their credibility with sellers, allowing them to act quickly in competitive situations. Marketing could focus on the ease of use and the speed of obtaining essential documents, making it an attractive solution for real estate professionals.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
High
Time to Revenue
6-12 months
Initial Investment
$10,000+

Potential MRR (18-24 months)

Conservative
$1,000 - $3,000 MRR
Moderate (Most Likely)
$5,000 - $10,000 MRR
Optimistic
$20,000 - $40,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
9/10
Novelty
8/10
Feasibility
6/10
Market Potential
9/10
Evidence
7/10
Overall
7.8/10
Found on September 30, 2025 • Analyzed on September 30, 2025 7:16 AM

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