Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

1,527
Posts
514
Votes
Jeremy Tillotson
  • Investor
  • Fort Wayne, IN
514
Votes |
1,527
Posts

Why is Everyone Using Transnational Funding You Dont Need IT

Jeremy Tillotson
  • Investor
  • Fort Wayne, IN
Posted

Okay first I am writing this in response to a few post I have read. Secondly you must read this post all the way through, and most important I am not a attorney nor giving legal advice. 

I hear about transnational funding, they give you money to close for a few hours or so and charge a couple thousand dollars, man this made the GURUS some money.

Better Idea, your buyer knows you are a wholesaler. Explain to him/her that you can save them a thousand bucks if they help you. They wire their money to escrow like they normally would. They have you sign a promissory note and mortgage for 30 days on the property you are about to sell them, so its your money now. You close the property walk to the other room and sell them the property paying off the mortgage. Its basically what the lending company is doing and charging you thousands you then have to pass to your buyer why wouldn't they go for it.  

Loading replies...