Updated over 7 years ago on . Most recent reply
Down Sides to being a transitional funding lender???
Hey guys need your help on this one! So I decided to use a wholesaler to sell one of my flips. During our conversation he asked if I would be interested in being a transitional lender. I had a vague idea of wholesalers using transitional funding in circumstances like with a short sale or with HUD but had never personally encountered one. So I would fund the A-B side it sounds pretty painless and would us a title company and attorney. What am I missing this seems way too painless! It's not quite as lucrative as flipping but it seems like a relatively easy way to lock up 1.5-2% returns in less than 48 hours help lol!