Exit stategy for Transactional Funding for more than 30 days

[Dee Xixi]

I am confuse over the whole transactional funding. Lets look this scenario:
If i use transactional funding to purchase a property but after 30 days i cant wholesale, what are the other options?
also can i buy a rehab home with trans funding?

Thanks

[Justin S.]

Dee, transactional funding requires you have a buyer in place before they fund. If your buyer walks on you then the funding will be very very expensive. I would only do a 30 transactional funding if you have VERY large non-refundable deposit from the end buyer.

You can do a hard money loan, but you will need to come out of pocket for 20-30% of the sale price and hard money lenders will only loan to you if the property was picked up at a large discount.