Is this the gist of Tranaactional Financing.

[Benjamin Z. Pickens]

Can someone clear this up for me or confirm my understanding?

Is this how transactional funding works:

1. Secure a contract for $50k.

2. Secure Transactional funding at say 2%

3. Secure buyer (not sure how to do this if legally I can't market a property I do not own) with purchase agreement to buy property for $75k.

4. Close with seller using 50k plus closing costs (2k) for a total of 52k from TF.

5. Close with end buyer. $52k(+$2.6k for interest) goes to TF. The rest ($20.4k) is profit for investor.

Am I understanding this correctly?