Wholesale Double Close Bridge Loan?

Question

Hey guys,

I’ve started wholesaling to raise capital. I can’t tell sellers I’m a cash buyer when IM not a cash buyer. I say I partner with them, but I need to streamline this part honestly to maintain integrity.

I’m a contractor by trade so dealing with people, it’s my strong point. I love it. I swing a hammer well also, but my biggest strength is with my relationships. I don’t, however, tell clients that I’m the contractor for their job, and then run out behind their backs and go find an ACTUAL contractor.

Question I have is, does anybody know of a way, even if it’s just brainstorming, to gain temporary access to these funds so that they can be mine, even if just for a few minutes, and then I would double close all my deals vs assign them.

I would feel much better being able to look somebody in the eyes and let them know I’m real, and I’ve got their back. Being able to say I WILL BUY YOUR HOUSE and have those words Be literal means a lot to me in terms of integrity. Even if I’ve got a buyer lined up behind me.

Jesse LeBlanc · Answer

I fund wholesalers deals for Transactional Lending all the time and can provide you with a POF as well if you'd like @Brendan Lawrence

Michael J. · Answer

Why don't you say that you collaborate with a group of investors and that one of them will bring the funds to close out the deal?  There are lots of options out the for transactional funding though.  You will usually pay some points as well as closing costs on the transaction, so keep that in mind that you will be eating up your margin.  I would spend some time networking with local investor groups.  You will find people who have the money available to loan you for short term.