Investment capital .

[Robert Van Horn]

I’m curious and excited about getting into the business of wholesaling & flipping . However I’m straining on how exactly I’m going to fund this hair-brained idea of a business .

Does anyone have any tips on finding either investors to fund wholesale deals for a percentage of the profits ?

Perhaps tips on dealing with transactional funding on how best to use it ?

[Saravanan Saravanan]

@Robert Van Horn

For assignment of contract; the investor friendly title companies can do the transaction; without a need for funding source.  You get paid assignment fees.  The risk is the buyer/seller would your fees and most of the time under $5000 or may be upto $10,000 fees; buyer or seller will let go.

When profit starts to go ovr $10,000 or 10% of property price; you do double closing OR simultaneous closing; then it is better to use transactional funding from lenders; who do 100% financing.  This way the buyer  / seller would not know your profit at the day of closing. They can always find out after couple of months; when the deed gets recorded in county.