All Forum Posts by: Jodi Funke

As long as you have an end buyer in place you will be able to get transactional funding. Transactional Funders don't care about your credit score. They are only concerned that you have a qualified buyer lined up to purchase the home.

If you are selling to an end buyer who is getting financing their lender is not going to lend money for someone to purchase the beneficial interest in the land trust. The way I structure my deals is I have the sellers put the property in a land trust. The sellers are the beneficiaries of the trust. (I help them through the process.) The land trust then enters into a contract to sell the property to the end buyer. At the first closing I purchase the beneficial interest of the land trust with transactional funding. Then the second closing the end buyer purchases the property from the trust. The end buyer is on title as the owner at that time.

Are you under contract on these houses already? I have done these types of deals for several years and can help you with structuring it correctly.

I have clients who have done double closings in CA and I know for sure that the option contract does nothing for the seasoning issue. The only way around the seasoning is with a land trust done the proper way and with an attorney.

Yes, I do and I have clients all over the US that do as well.

If the investor is doing it the right way they don't see the land trust. When you write the P & S Agreement your company is the buyer NOT the land trust.

You can wholesale an REO with transactional funding, but you can't do this with an FHA end buyer. You can use transactional funding to buy and then to sell.

When you use a land trust the land trust will be listed as seller so, the P & S agreement that yoiu have with the end buyer will also show the land trust as seller. The end buyers lender does the title search they will see the land trust has owned the property for more than 90 days. You can buy the beneficial interest from the seller the same day you sell to the end buyer. I am acually putting together a course that gives a step-by-step instruction on how to structure these deals and you will have to have transactional funding (which I do) because you cannot use the funds from B-C closing.

I have found transactional lenders that only charge 2% with NO transaction fees and NO minimum. They fund nationwide

They do receive a standard P & S Agreement.