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Updated almost 8 years ago,

User Stats

174
Posts
27
Votes
Jim Lally
  • Investor
  • Middletown, RI
27
Votes |
174
Posts

100% Transactional Funding for Wholesalers!

Jim Lally
  • Investor
  • Middletown, RI
Posted

If you are currently wholesaling and looking for zero out of pocket transaction costs then this may be the right program for you.  The details of this program are outlined below:

Flip Houses With Zero Money Out of Pocket!


Loan Amount: $50,000 - 1 Million
Borrowers Fico: Does not matter as long as the borrower is not involved in any major lawsuits or IRS issues.
Property Types: Primarily 1-4 unit investment properties. Lender can consider small commercial properties as well.
Lender Points: 1.5-2 points. Points are based off of the money borrowed. Points can be taken out of the end sale so the wholesaler does not have to come to the table with cash.
Broker Points: 1-2 points in addition to lender points. Again these points can come out of the end sale.
Lending Territory: Nationwide
Other: Must be the same day funding. Our Client, Party B, is buying a property from Party A, and wholesaling it to Party C. A double close must take place in the same day from Party A to B and Party B to C; there fore the same title company must be used.

Please feel free to reach out to me anytime to discuss further.  I can be reached at:  [email protected]  or  877-957-4357  x709

Offering