Transactional funding

[Scott Titus]

I put in an offer for a property. It cash flows for $250 a month, 12% cash on cash, Equity $30k. (BP rental calc analysis). Purchase Contract is not assignable without sellers permission. Thinking I am going to use transactional funding. Property is 55K, is there a minimum 2% or $2000. I sure it varies by lender, 1st potential deal want to have my numbers correct.

[James Wheeler]

Originally posted by @Scott Titus:

I put in an offer for a property. It cash flows for $250 a month, 12% cash on cash, Equity $30k. (BP rental calc analysis). Purchase Contract is not assignable without sellers permission. Thinking I am going to use transactional funding. Property is 55K, is there a minimum 2% or $2000. I sure it varies by lender, 1st potential deal want to have my numbers correct.

 I assume you are planning to wholesale this property, using an AB BC close? 

Here is a site I have used for this kind of information... http://transactionalfundingfl.com/

Hope it helps, some sites claim to offer "no fee funding" I seriously wonder though...