Transactional Funding on a Real Estate Deal. Input Needed!

[Gerald Harris]

I have a deal here in the North Carolina area. Here is the breakdown.

- Purchase price - 28k

- Total Rehab Needed - 30k (over estimating)

- 4br Home. Land use (mixed commercial/residential)

- ARV. 125k to 132k

- home built 1910 (2 story bungalo style, split level)

Can someone explain to me a transactional funding? also, once i secure funding can I stick this on the MLS to find buyer? I have several people locally who will do a FSBO on the MLS for me for $250.

instead of wholesaling I am thinking of reselling it for around 60k.

You input is greatly appreciated in discussing different exit strategies.