All Forum Posts by: Annette Ejere

Quote from @Don Konipol:

Quote from @Annette Ejere:

Imagine you’ve just found the perfect property, but you don’t have enough funds to close the deal. This is where Transactional Funding comes in.
It’s a short-term loan used primarily by real estate investors who need funding to complete a transaction quickly, often for an assignment or wholesale deal. The best part? It usually lasts for only a few hours or days - just enough time to complete the purchase and immediately sell or assign the property to another buyer, so you never have to use your own money. With transactional funding, you receive one wire from the title company at closing, which includes the net proceeds from both the buy and the sell, minus fees.

WIIFM (What’s In It For Me)?

• Speed: The market waits for no one, and neither should you. Transactional funding helps you close deals FAST. Think of it like the self-checkout lane at the grocery store – you can complete many more transactions in the time it usually takes to do just one.
• No Credit Check: Forget about your credit score. Unlike traditional loans, transactional funding doesn’t care about your credit score - just your deal. You don’t have to wait to fix your credit first, you can utilize transactional funding right away.
• Get Paid Fast with No Cash Out of Your Pocket: You don’t need to use your cash. The lender gives you the money to make the deal happen, and you pay them back once the double-close is done. This lets you make a profit without tying up your funds in the process.

The Benefits of Transactional Funding: What You Actually Care About

1. You Don’t Need a Pile of Cash: With transactional funding, you don’t have to empty your bank account to make big moves. You get the money to close a deal, and you pay it back using the proceeds from your sales transactions. The lender fronts the money to title for you, giving you the chance to buy and sell properties without tying up any of your capital.
   
2. Get Deals Done Faster: If you’re ready to make a deal, you can’t afford to wait around for weeks to get a loan approved. Whether you’re flipping a house, wholesaling, or doing a double close, transactional funding moves at the speed of opportunity - fast.
3. Flexibility: There is no credit check, no background check, no tax returns, no DTI, no ARV, no LTV, no LTC, none of that. We just evaluate the purchase agreement and the assignment. If the deal makes sense, we fund it. Decisions are made the same day. It's that simple.
4. You Don’t Need to Be a Financial Genius: You don’t need a degree in finance to use transactional funding. It’s designed for people like you who want to generate profit from real estate without all the complicated details.
5. Keep Your Deals Confidential: If you’re wholesaling, you don’t need to let your end buyers know you’re using funding, so you can keep your business operations under wraps.

What You Need to Know Before You Dive In
Okay, that all sounds good, but what’s the catch? There are a few things to consider:

• You Need an End Buyer: The lender wants to be sure there’s a way to get their money back. In real estate, that means having someone ready to buy the property from you (or at least committed to taking it off your hands). No buyer? No deal.
• There Are Fees: Like everything else in life, transactional funding isn’t free. There are fees involved, but they’re generally worth it for how quickly you can close deals.
• This Is Short-Term: Remember, transactional funding is not a long-term solution. It’s for quick flips, assignments, or wholesale deals - not for 30-year dream homes.
  
  

Pros and Cons (Because Everything Has Them)

Pros:

• Fast and easy: Get the funds you need and close fast.
• No need for perfect credit: Your credit score absolutely does NOT matter.
• No need for a lot of cash upfront: You can use the money to close the deal and pay it back with the proceeds from selling the property to your buyer.

Cons:

• It’s a short-term fix: This isn’t for long-term real estate projects.
• You’ll pay some fees: There are costs involved, but you’re still making a substantial profit.
• You need a buyer: You’ve got to have someone to buy the property once you’ve closed the deal.

Have you ever used transactional funding for a double closing?
What was your experience like?
What was your biggest takeaway from the process? I’ll be in the comments

Hi Annette, good to meet you.
Nothing wrong with posting about a type of service you provide, but you should disclose in your post “full disclosure: I represent a company that provides transactional funding”. 

btw, welcome to BP.  I hope you become an active participant! 

 Thank you so much, Don, I'll keep that in mind for my next post.

Imagine you’ve just found the perfect property, but you don’t have enough funds to close the deal. This is where transactional funding comes in.
It’s a short-term loan used primarily by real estate investors who need funding to complete a transaction quickly, often for an assignment or wholesale deal. The best part? It usually lasts for only a few hours or days - just enough time to complete the purchase and immediately sell or assign the property to another buyer, so you never have to use your own money.With transactional funding, you get one wire from the title company at closing for the net proceeds from the buy and the sell, minus fees.

WIIFM (What’s In It For Me)?

• Speed: The market waits for no one, and neither should you. Transactional funding helps you close deals FAST. Think of it like the self-checkout lane at the grocery store – you can complete many more transactions in the time it normally takes to do just one.
• No Credit Check: Forget about your credit score. Unlike traditional loans, transactional funding doesn’t care about your credit score - just your deal. You don’t have to wait to fix your credit first, you can utilize transactional funding right away.
• Get Paid Fast with No Cash Out of Your Pocket: You don’t need to use your own cash. The lender gives you the money to make the deal happen, and you pay them back once the double-close is done. This lets you make a profit without tying up your own funds in the process.

The Benefits of Transactional Funding: What You Actually Care About

1. You Don’t Need a Pile of Cash: With transactional funding, you don’t have to empty your bank account to make big moves. You get the money to close a deal, and you pay it back using the proceeds from your sales transactions. The lender fronts the money to title for you, giving you the chance to buy and sell properties without tying up any of your own capital.
2. Get Deals Done Faster: If you’re ready to make a deal, you can’t afford to wait around for weeks to get a loan approved. Whether you’re flipping a house, wholesaling, or doing a double close, transactional funding moves at the speed of opportunity - fast.
3. Flexibility: There is no credit check, no background check, no tax returns, no DTI, no ARV, no LTV, no LTC, none of that. We just evaluate the purchase agreement and the assignment. If the deal makes sense, we fund it. Decisions are made same-day. It's that simple.
4. You Don’t Need to Be a Financial Genius: You don’t need a degree in finance to use transactional funding. It’s designed for people just like you who just want to generate profit from real estate without all the complicated stuff.
5. Keep Your Deals Confidential: If you’re wholesaling, you don’t need to let your end buyers know you’re using funding, so you can keep your business operations under wraps.

What You Need to Know Before You Dive In
Okay, that all sounds good, but what’s the catch? There are a few things to consider:

• You Need an End Buyer: The lender wants to be sure there’s a way to get their money back. In real estate, that means having someone ready to buy the property from you (or at least committed to taking it off your hands). No buyer? No deal.
• There Are Fees: Like everything else in life, transactional funding isn’t free. There are fees involved, but they’re generally worth it for how quickly you can close deals.
• This Is Short-Term: Remember, transactional funding is not a long-term solution. It’s for quick flips, assignments, or wholesale deals - not for 30-year dream homes.
  
  

Pros and Cons (Because Everything Has Them)Pros:

• Fast and easy: Get the funds you need and close fast.
• No need for perfect credit: Your credit score absolutely does NOT matter.
• No need for a lot of cash upfront: You can use the money to close the deal and pay it back with the proceeds from selling the property to your buyer.

Cons:

• It’s a short-term fix: This isn’t for long-term real estate projects.
• You’ll pay some fees: There are costs involved, but you’re still making a substantial profit.
• You need a buyer: You’ve got to have someone to buy the property once you’ve closed the deal.

Have you ever used transactional funding for a double closing?
What was your experience like?
What was your biggest takeaway from the process? I’ll be in the comments.

Imagine you’ve just found the perfect property, but you don’t have enough funds to close the deal. This is where Transactional Funding comes in.
It’s a short-term loan used primarily by real estate investors who need funding to complete a transaction quickly, often for an assignment or wholesale deal. The best part? It usually lasts for only a few hours or days - just enough time to complete the purchase and immediately sell or assign the property to another buyer, so you never have to use your own money. With transactional funding, you receive one wire from the title company at closing, which includes the net proceeds from both the buy and the sell, minus fees.

WIIFM (What’s In It For Me)?

• Speed: The market waits for no one, and neither should you. Transactional funding helps you close deals FAST. Think of it like the self-checkout lane at the grocery store – you can complete many more transactions in the time it usually takes to do just one.
• No Credit Check: Forget about your credit score. Unlike traditional loans, transactional funding doesn’t care about your credit score - just your deal. You don’t have to wait to fix your credit first, you can utilize transactional funding right away.
• Get Paid Fast with No Cash Out of Your Pocket: You don’t need to use your cash. The lender gives you the money to make the deal happen, and you pay them back once the double-close is done. This lets you make a profit without tying up your funds in the process.

The Benefits of Transactional Funding: What You Actually Care About

1. You Don’t Need a Pile of Cash: With transactional funding, you don’t have to empty your bank account to make big moves. You get the money to close a deal, and you pay it back using the proceeds from your sales transactions. The lender fronts the money to title for you, giving you the chance to buy and sell properties without tying up any of your capital.
   
2. Get Deals Done Faster: If you’re ready to make a deal, you can’t afford to wait around for weeks to get a loan approved. Whether you’re flipping a house, wholesaling, or doing a double close, transactional funding moves at the speed of opportunity - fast.
3. Flexibility: There is no credit check, no background check, no tax returns, no DTI, no ARV, no LTV, no LTC, none of that. We just evaluate the purchase agreement and the assignment. If the deal makes sense, we fund it. Decisions are made the same day. It's that simple.
4. You Don’t Need to Be a Financial Genius: You don’t need a degree in finance to use transactional funding. It’s designed for people like you who want to generate profit from real estate without all the complicated details.
5. Keep Your Deals Confidential: If you’re wholesaling, you don’t need to let your end buyers know you’re using funding, so you can keep your business operations under wraps.

What You Need to Know Before You Dive In
Okay, that all sounds good, but what’s the catch? There are a few things to consider:

• You Need an End Buyer: The lender wants to be sure there’s a way to get their money back. In real estate, that means having someone ready to buy the property from you (or at least committed to taking it off your hands). No buyer? No deal.
• There Are Fees: Like everything else in life, transactional funding isn’t free. There are fees involved, but they’re generally worth it for how quickly you can close deals.
• This Is Short-Term: Remember, transactional funding is not a long-term solution. It’s for quick flips, assignments, or wholesale deals - not for 30-year dream homes.
  
  

Pros and Cons (Because Everything Has Them)

Pros:

• Fast and easy: Get the funds you need and close fast.
• No need for perfect credit: Your credit score absolutely does NOT matter.
• No need for a lot of cash upfront: You can use the money to close the deal and pay it back with the proceeds from selling the property to your buyer.

Cons:

• It’s a short-term fix: This isn’t for long-term real estate projects.
• You’ll pay some fees: There are costs involved, but you’re still making a substantial profit.
• You need a buyer: You’ve got to have someone to buy the property once you’ve closed the deal.

Have you ever used transactional funding for a double closing?
What was your experience like?
What was your biggest takeaway from the process? I’ll be in the comments

Hi everyone!

I’m Annette Ejere, and I’m so glad to join the BiggerPockets community!

I work in real estate finance and spend most of my time helping people take their first steps into investing, from choosing the right strategy to navigating loan application processes.

I’m here to grow, learn, and connect with people who are passionate about real estate like I am. I’ve seen firsthand how powerful real estate can be in transforming lives, and I’m looking forward to learning, sharing experiences, and building meaningful relationships here.

If you’re on your investing journey, especially if you’re just getting started, I’d love to hear your story and learn alongside you!

Looking forward to connecting,

Annette