Why is Everyone Using Transnational Funding You Dont Need IT
Okay first I am writing this in response to a few post I have read. Secondly you must read this post all the way through, and most important I am not a attorney nor giving legal advice.
I hear about transnational funding, they give you money to close for a few hours or so and charge a couple thousand dollars, man this made the GURUS some money.
Better Idea, your buyer knows you are a wholesaler. Explain to him/her that you can save them a thousand bucks if they help you. They wire their money to escrow like they normally would. They have you sign a promissory note and mortgage for 30 days on the property you are about to sell them, so its your money now. You close the property walk to the other room and sell them the property paying off the mortgage. Its basically what the lending company is doing and charging you thousands you then have to pass to your buyer why wouldn't they go for it.