Using Private Lenders (Not Hard Money)

[Sherrice Baines]

Hi guys,

I need a little guidance. Two companies have reached out to me in regards to utilizing (or partnering) with their company to help fund my deals. One company states their program offers the use of their Proof of Funds in order to immediately get a contract accepted. The second company is offering to actually fund my deals immediately as long as the end buyer closes within 30-40 days. Of course, this sounds like a wholesaler's dream, however, I have NEVER used either one of these processes. And of course, there's a small profit for these companies as well. I'm not greedy, as long as everyone is happy with their pay day, I'm good. But, I'm also cautious and don't want to get myself into anything crazy. I'm old school, and have always conducted things either via cash deals, mortgages, or hard money. I'm willing to try something new, if it's worth my while regarding quicker closings and increased profits (which go hand in hand)

Has anyone ever used processes as such to expedite your deals? If so, please share your experiences. Would greatly appreciate it.