All Forum Posts by: Jesse LeBlanc

 I'd love to be able to help you out.  I fund nationwide, over 60 all 5 star reviews and have plenty of video testimonials as well. :)  My website is in the signature if you'd like to check out my website and vet me out. :)

I like to keep it super simple, 1% for anything over 100k. But please feel free to go to my website and click on “I Don’t Have A Deal Right Now” and then either myself or my assistant Michelle will send you a reply email with our very simple process and what we would need so you can have it or share with others in the future.  My website can be found in my email signature. 👍🏼👍🏼

Good Evening @May Lin here are a few that we have used with other wholesalers when we've funded their double closings and enjoy working with:

Ana Moody

Escrow Officer/ Branch Manager

Stewart Title Kingwood




EMMANUEL MACIEL

Patriot Title - Heights
5225 Katy Freeway Suite 510, Houston, TX 77007




Aimee Lovera
Escrow Assistant
Texas Title
80 Morgan’s Point Rd, Ste 103
Belton, TX

And there you have it 🤘🏼🦾

I’ve not read it yet but that pretty much sums it up!  Thank you sir 👍🏼👍🏼

 I expect more and more states over time to be like North Carolina, or now maybe Maryland. The word will spread, then it will be easier to get laws passed for sure.

 If you double close, you're fine.  Similar to other states like North Carolina or Illinois.  Assigning is where folks have issues with, but a double closing you legit become the owner and no one can stop you from buying or selling your property and you won't need a license to do so either. 

UNLESS there was some clause where X amount per year, but I doubt that would happen because it's possible someone could buy and sell their primary house in the same year, just very rare.  And then even at that time, it would generally only ever be found out if someone was causing an issue and someone was reported.

until the end buyer for some reason backs out or something else happens and you now may have funded 100% on a deal you may now have to foreclose on (worst case), thus not a Transactional Loan, and would then fall into another loan category, hints not A Transactional Loan as the dynamics COMPLETELY change, for example when the lender sends their funds.

which is why myself and other Transactional Lenders don’t classify that as a Transactional Loan, that would be a short term loan but requires additional vetting of the deal, the borrower, loan docs etc changing up the complexity of the deal to no longer being considered a Transactional Loan. 👍🏼

but we see folks all the time asking for “extended Transactional Lending”, we just educate them a little on the definitions and then guide them to another lender to still be able to take care of them unless it was something we personally also wanted to do a short term loan with the additional work and risk involved at a higher rate and term.

I couldn’t stop laughing at the #sausagefingers @Owen Dashner  LOL

And then by the time you catch it, you can't edit the post ROFL. Yah HML would also definitely work though, just more costly for a short time when Transactional Loans won't work unless they treat their funds like a HML short term loan with loan docs etc.

This wouldn't be Transactional Lending @Sanat Bhandari, but it would be a very short term loan. Transactional Funding is for a double closing. 

@Sawyer Dina I've got a few friends that are private lenders I refer short term loans like this over to, we like to call this "wholetail", buy it then relist, although you already have a buyer lined up ready to go.   More than happy to make the connection for you if you'd like sir.

Although IF POSSIBLE, you might just want to see if the seller will allow you to wait a little longer to close, perhaps offer them another 500-$1,000 more to extend the contract to close when you are able to double close or assign the contract which would SAVE you money vs trying to buy/control now, then have holding costs, insurance etc in the meantime before selling to the neighbor.

You should still be able to assign your contract assuming you have a buyer lined up that wants the property before you go binding with the seller. 

Another option is to double close and use pass through funding or use a Transactional Lender to fund your purchase allowing you to then sell it the same day to your end buyer.  Then instead of you bringing your own cash to the closing, you can use funds from me or another lender for that purpose. :) 

It's the same process as any wholesale deal, just  a different niche you're targeting.  It would be different if it were an auction property where you must bring your cash to auction and you won't be able to assign your contract or sell it same day, that would require another loan type, your own cash or private money to close on.
@Matthew Nelson