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 7 years ago,

User Stats

18
Posts
6
Votes
Joe Alonso
  • Lender
  • Miami, FL
6
Votes |
18
Posts

Double, or simo closing, using transactional funding - advise pls

Joe Alonso
  • Lender
  • Miami, FL
Posted

Hello Forum People -
I have a clear understanding of how transnational funding works, but I have a few questions regarding other legal and real world hiccups that I would like some guidance with.

I am direct residential lender, and when I read about how transactional funding works, I get stumped on some issues I would love clarified.

1. When B sells to C (after the A to B transaction moments prior), title is not yet recorded from the A to B transaction. How can there be conveyance of title on the B to C transaction? 

2. On the B to C transaction, is "C" buyer typically another investor with cash or private money? If I were the lender to "C" buyer, and "C" buyer is purchasing the property as a primary home, FHA is out because of the 90-day flip seasoning, and Conventional is possible, but again, "B" is not yet reflected on title. The Underwriter would squash this deal.

Looking forward to your expert replies on the above, or offer workarounds. 


Lastly, if I want to become "B" in the scenario as an investor, what are some of the techniques used to find "A" seller and "C" buyers quickly and promptly, in order to arrange the transaction?

Thanks again!