Transactional funding for wholesaling?
I’ve been looking into adding transactional funding to my wholesale arsenal. I’m a little uncomfortable since it’s something new. Does this actually work? Has anyone actually used this option to wholesale and can enlighten a brother?
@Davaris Bennett transactional funding definitely works! It’s a time and cost effective option in scenarios where you have to bring money to fund a double closing. A lot of wholesalers use transactional funding to close deals when they are selling to hedge funds that require double closings, or when they have assignment fees greater than 10k and they do not want buyers or seller to see the fee.
Im happy to answer any questions you have about transactional funding or to connect you to a few investors who are using transactional funding in their wholesale businesses.
Thanks for all the info. I’ll check you guys out.
Sorry @Davaris Bennett, they deleted my post for mentioning that I can help you out for "self promoting" I guess we're not allowed to offer help to those ask. This seems to happen on the regular to both @Daniel Paloscio and I on the regular even as premium legit members and lenders.
But I'm glad that you're checking us both out and would still love to assist. :)
Hey @Davaris Bennett
@Jesse LeBlanc and @Daniel Paloscio were pretty accurate in their answers and good guys to follow.
I am also happy to be a sounding board if you have any ideas and you want to run them by someone.
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Lender
- Y2 Lending
- 415-725-0311
- https://y2lending.com
- [email protected]
Greatly appreciate it @Eugene Nilus :)
Quote from @Eugene Nilus:
Hey @Davaris Bennett
@Jesse LeBlanc and @Daniel Paloscio were pretty accurate in their answers and good guys to follow.
I am also happy to be a sounding board if you have any ideas and you want to run them by someone.
For sure man. I’d love to have a conversation about your experiences with the matter. You can call me anytime. 980-267-2606
-
Lender
- Y2 Lending
- 415-725-0311
- https://y2lending.com
- [email protected]
Quote from @Davaris Bennett:
Quote from @Eugene Nilus:
Hey @Davaris Bennett
@Jesse LeBlanc and @Daniel Paloscio were pretty accurate in their answers and good guys to follow.
I am also happy to be a sounding board if you have any ideas and you want to run them by someone.
For sure man. I’d love to have a conversation about your experiences with the matter. You can call me anytime. 980-267-2606
Sounds great @Davaris Bennett. I'll text you to set up a time that may work for both of us
-
Lender
- Y2 Lending
- 415-725-0311
- https://y2lending.com
- [email protected]
@Davaris Bennett, I totally get it being uncomfortable - it’s new to you.
It looks like you've already got some people helping you out, but if you'd like another opinion, please reach out! I like to use good paperwork to secure my position with a JV partner who may be funding deals. Keeps us both on the same page and our money safe.
For sure let’s talk when you can 980-267-2606