Wholesaling using transactional funding!
Hello BP Family,
I need a little bit of understanding on flipping HUD homes using transactional funding. It is to my knowledge that when buying a HUD home you have to have proof of funds this is where T funding comes in, but in order to use T funding you already have to have contracts in place with the end buyer. So my question is when do you start to look for your end buyer on the property? is it while your still bidding through HUD or after the offer is accepted? if so, how long do you have after the offer is accepted to provide proof of fund etc? If you guys could give me your process when buying HUD homes that would be great!