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Updated over 7 years ago on . Most recent reply
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Purchasing with Transactional Funding
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