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Updated over 7 years ago on . Most recent reply

User Stats

3
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1
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Nikki Garner
  • Newberry, FL
1
Votes |
3
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Purchasing with Transactional Funding

Nikki Garner
  • Newberry, FL
Posted

Hello everyone,  I'm new to BP, I found this site awhile back when I started looking into Wholesaling I have read a lot of posts and watched a lot of videos.  I'm in the state of FL and I know I can't list or market a property without a license and the last thing I want is to be fined. So my question is on Transactional Funding.  I know I can buy the property then list and resell without a license because legally it would be mine. My understanding with the TF is I would need to close within days of me buying. So is there any Tansactional Funding out there that would give you 30 days to close starting from the day I took ownership? What worries me about that senerio would what if I can't find an investor/buyer. Then I'm in debt and credit is damaged.   What are some of y'all opinions in this?  Should I  just find an investor to work with?  But wouldn't that too be considered almost illegal if they paid me to find properties?  Any advice would be great. 

Thanks

Nikki

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