Transactional Funding

[Ken Reed]

Hello BP Community,

I am looking for your help/ recommendations on who you guys are using to transactionally fund your wholesale deals. I have a deal under contract that I would like to use transactional funding for but I would like to see what recommendations the BP community has and what % you guys/girls are getting. Thanks in advance for your help!

[David Cruise]

@Account Closed - It is 100% financing for wholesalers to purchase a property and re-sell it on the same day for a profit. Wholesalers typically use this kind of funding when they cannot assign a contract (HUD, short sale, bank owned properties) or when they do not wish to assign the contract because the profit they are making is substantial. We find that wholesalers usually go with TF when they are making 10K or higher on a deal.