All Forum Posts by: Devin Amstutz

Thank you once again Shari, that's exactly what I needed to know to clear things up!

If anyone could explain transactional funding a little better step by step I'd appreciate it? Do you find a seller and then a buyer before you get prof of funds?

After watching the Watson video here on BP about "marketing no no's" I have a better understanding of how to market the property without breaking laws. Can not use the address or anything that would lead an investor to believe I own the house or upload pictures. I can only market the equitable interest I have in the contract specifically. So for example a craigslist add could say "great deal on beautiful contract, 3/2 (3bd/2b), Toledo Ohio, 43614, 2,500 square feet call immediately!" Am I right or would that still not be a very good? Here's my actual question. I was reading yesterday online that since you can not use pictures on your add to market a property you don't own you can sign a piece of paper (can not remember what it was called) with the seller when you sign a purchase agreement and it will be attached to the POS and this allows rehabbers, investors, estimators to go to the house look at it and get estimates. So if anyone could help me with what it's called that would be great. I thought I was abundant, addudant something like that.

That was a great little video that definitely cleared some questions up. Knowing I can put out signs (depending on city ordinances) and use the web to market my "contract" not the property by not using the address etc. Definitely will be watching the video again

Thank you both very much, I really do appreciate it! I have a question if one of you wouldn't mind shedding some light on. I know you can use transactional funding to close on the A-B part of a simultaneous close to get the title since you can no longer use the funds from the B-C to close on the A-B part. But I heard in order to use transactional funding you have to have a buyer lined up. well if I get a house under a purchase contract how can I market the property with breaking Ohio law falling under the category of a broker practicing "unlicensed activity". Little hard to get a buyer lined up if I can't market the property on craigslist etc. My next question is do you use a purchase and sale contract with the seller and buyer and just use the same closing date?

GREAT! Really appreciate it! Also good to know you offer transactional funding here as well. Will be looking into it. Thanks again Shari!

If anyone knows of a couple investor friendly title companies in the Toledo Ohio area that would be great or even if you know of a transactional funding company here. Thanks in advance!

That is my fault, you did say Transactional Funding companies not title company. It's great to know that transactional funding covers the purchase price and closing cost 100% all the way.

Thank you both, Sheri and John. I appreciate both of your inputs. Unfortunately I do know that title companies will not let you use cash from the B-C deal to close on the A-B. So that's why I'm glad I found out about transactional funding because as me being a newbie I don't have the hard cash to purchase the house up front to have the title so I can wholesale it and market it. Even if they do charge a fee that would probably be my best way to start out. Hopefully here in Toledo Ohio I'll be able to find an investor friendly title company that offers transactional funding for free or at least little cost seems how Shari mentioned that not all title companies charge an upfront fee. Shari I did accept your colleague request and hopefully you'll be able to help out in the future seems how you work with funding. Thank you both again!

I think I might of figured out a way to get around needing a RE license to wholesale in Ohio and that would be transactional funding and just doing a double close with the funding money. I could use some knowledge from someone who knows a bit more than I do so if I'm wrong on what I think please let me know.