Transactional Funding

[Account Closed]

Hi
I was wondering if anyone can give me a little more detail maybe even a scenario on how to use a company like Coastal funding (transactional funding).
Is this mainly just for wholesaling?
Has anyone used coastal funding for any of their deals before? Can you use transactional funding on a fsbo?
And is it worth it? fsbo or reo

sorry for so many questions just interested in this topic

Thanks in advance

[Will Barnard]

You can use transactional funding for short sales, REO's FSBO, etc. It is a great way to flip deals without using any of your own money or credit.

You must have the contract between you and the selling party (A to B transaction) as well as your end buyer in place (the B to C transaction).

Note: Make sure to place your offers in the name of your entity and not your own name, get decent or above average earnest money deposits from your end buyers, and have back-up buyers in place. Doing these items will help your transactions flow smoothly and keep you profitable. ALso know that Bank of America and Wells Fargo have addendums in short sales that stipulate you can not re-sell the property inside of 30 days which kills the transactional funding from Coastal and all other transactional funders EXCEPT me. I can be that source as well if you wish.

Will B