Transactional Funds - What Is Transactional Funding and How Does It Work? скачать в хорошем качестве

Transactional Funds - What Is Transactional Funding and How Does It Work?

Here's a Definition of Transactional Funds and How to Use Transactional Funding For Your Back-to-Back Closings. What is Transactional Funding and Why Do People Use it: To apply for Transactional Funding, go here... http://fastinvestormoney.com/ What is Transactional Funding and Why Do People Use it: Also referred to as: flip funding, double close funding, bridge funding, back-to-back funding, simultaneous funding, gap funding Short term loan commonly used to finance the A-B side of a short sale or REO wholesale transaction. Seller (A) → Investor Buyer (B) → Cash Buyer or Qualified Buyer (C) There is no credit check or income verification required. Funding usually covers ALL cost including closing, and fees are taken from the sale price. So nothing out of pocket. The major stipulation is that you have to have an end buyer lined up to purchase the property from you immediately after you close the A-B sale ================= Paperwork: ================= Contract to Purchase the property Estimated HUD-1 Statement for A to B transaction Short Sale Approval(s) (if applicable) Title Commitment Contract to Sell the property Verification of Buyer C Funds or Conditional Loan Commitment Estimated HUD-1 for B to C transaction Clear copy of government issued ID for the Borrower Corporate Documents for entity taking title (if applicable) How does the process work: Identify the property of interest - Short Sale or REO Request Proof of Funds (letter) - http://fastinvestormoney.com/proof-of... Execute buy and sell contract Request funding Submit transaction documents Lender Review Loan approval Funding **Extended Funding - 30-day holding period 90-day Seasoning Rule - expired in Feb. What it WON'T Fund: Rehab Projects (Fix and Flip) Earnest Money Escrow Deposit Non-Real Estate Transactions Transactions outside of the United States Transactional funding allows you to close on properties quickly and same day without a single cent of your own money. It also bypasses the tedious loan process, and your credit doesn't play a roll in the qualification process. If you have questions about how many points, percent, fee is charged per transaction, I would simply contact a transactional funding company because they do vary from lender to lender. I have seen anything from 2-3 points. Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing. Watch This Video on REIClub.com: https://reiclub.com/real-estate-video... ================================================ 🔔 Subscribe for more videos like this: https://www.youtube.com/reiclub?sub_c... FREE RESOURCES FOR YOU ================================================ 📝 Seller Forms Package: https://reiclub.com/free-seller-forms/ 📝 Contractor Cheat Sheet: https://reiclub.com/contractor-cheat-... 📖 "Think And Grow Rich" Book: https://reiclub.com/think-and-grow-ri... 📖 Other Real Estate Books: https://www.amazon.com/William-Johnso... REICLUB SOCIAL SITES ================================================ 👥 Facebook:   / reiclub   👥 Facebook Group (Unemployables):   / unemployables   🐦 Twitter:   / reiclub   📸 Instagram:   / reiclub   #reiclub #unemployables #onedealaway #realestateinvesting    • Transactional Funds - What Is Transactiona...