Updated over 7 years ago on . Most recent reply
Wholesale, Double Close, and Transactional Funding!
Hey BP Fam,
Great News just recently moved to GA from Texas back in Jan. started learning the area here. Just last week I was able to put a property under contract! Posted it on a few sites and within 2 days I already have my contract assigned to my end buyer we close in in 3 weeks! Here's my question to you. SInce I'm doing a double close what are some average lending rates for transactional funding? Will I have to pay closing cost? Also should I use the money to pay down maxed out credit cards or keep it for next deal? Any way it goes I'm happy I'm closing in on my first wholesale deal! I think this will help my momentum for my business and confidence once I cash that check! Along with that I've been renting out my home in Texas with a cash flow of about 100 bucks a month!