Could use info on transactional funding.

[Devin Amstutz]

I think I might of figured out a way to get around needing a RE license to wholesale in Ohio and that would be transactional funding and just doing a double close with the funding money. I could use some knowledge from someone who knows a bit more than I do so if I'm wrong on what I think please let me know.

[Shari Peterson]

With all due respect to @Account Closed , not all Transactional Funding companies charge an upfront fee. The thing that makes Transactional Funding so attractive is that it is 100% funding covering your purchase price plus closing costs. There is no cash out-of-pocket from you at closing. Now, keep in mind that you will need to come up with your own Earnest Money Deposit or Down Payment when you make the offer. 

Regarding legal issues about wholesaling, I can point you to another BiggerPockets post pointing to a Blog by highly respected attorney Jeff Watson, who speaks with two members of the Ohio State Board of Commerce - Real Estate Division where the regulators clearly state what is and what isn't legal regarding Wholesaling. https://www.biggerpockets.com/forums/93/topics/193865-videos-of-jeff-watson-and-ohio-regulators-speaking-about-wholesaling