808, 2022

How long is Transitional Funding and Transactional Funding for?

How long is transactional funding for? Transactional funding is sometimes referred to as transitional funding. Click on the image above to view the video or read the transcript of it below • This implies the property “transitions” from one owner to another over an indefinite time period. • While this is the process, transactional funding more precisely means that there are two distinct transactions - an A to B and B to C closing that occurred nearly simultaneously. • In most cases, the first closing takes place on the morning of the prescribed day of closing or the [...]

508, 2022

Problems with Assigning Contracts in Various States

What states have an issue with assigning contracts? Click on the image above to view the video or read the transcript of it below • There is a growing trend among states that want to STOP real estate investors from wholesaling properties. • The movement to stop investors from doing their deals has been a constant drumbeat of the local and national Board of Realtors®. • They believe that investors are “stealing” commissions they are entitled to and that their professionalism and access to the MLS® ensures sellers the highest possible price for the property. • There are [...]

308, 2022

What Happens if Your Buyer Doesn’t Come to the Closing?

What if your end-buyer doesn't come to the closing? Is all lost if your buyer doesn't come to the closing? To see this video, click on the picture above or you can read the transcript below • You have only a couple of options to rectify the situation. • Number one - get his earnest money deposit from the closing agent. • Number two - get an extension from your seller and try to quickly resell the property. • Even though you put on your contract that the end-buyer’s earnest money deposit was non-refundable under any circumstances, it [...]

2607, 2022

What If Your Seller Doesn’t Come to Closing?

Don't just wing it when you have no seller at closing. Your options are going to be severely limited if you don't plan ahead... Click on picture above to view video or read transcript below You only have a couple of options to rectify the situation. 1. Forget about it and get your earnest money deposit back from the closing agent. 2. Get ANGRY and quickly take legal action. • Walking away from the deal hurts especially when you put in tons of time and effort and built a relationship with the seller. • You may have gone [...]

2007, 2022

Million Dollar No Money Deals Using Transactional Funding

How to do $1 million no money deals using transactional funding. Click on the image above to view the video or read the transcript below • Is it really possible to do deals for $1 million+/- with no money of your own? Emphatically, yes! • Whether you're looking at buying and selling single-family homes, commercial properties, multi-families or even raw land, all you need to do is get the property under contract with the seller and find an end buyer. • Some investors look for end buyers who need a specific type of property before they engage with [...]

1907, 2022

Why Double Close? Just Assign the Contract.

Why double close? Why don’t you just assign the contract? Click on the image above to view the video or read the transcript below Why would you need to double close? • The seller won’t allow you to wholesale /assign your contract • The end buyer won’t allow you to assign your contract • The closing agent or attorney won't do an assignment • The state where the property is located won’t allow investors to assign or sell their contracts • The most important one - your profit is too large! So stop making what professional wholesalers call [...]

1307, 2022

Transactional Funding Basic Requirements

Click on the image above to view video or read below for the transcript What's required to get transactional funding? Transactional Funding is typically for wholesale double closings, wholesale flips or in some cases what's called flash cash. This is the most asked question I get as a transactional funder. Let's talk about what's not required. • There is no credit check. • Bankruptcy is okay. • No appraisal required. • Condition doesn't matter. • Buyer can be an LLC, partnership, corporation or an individual. • No proof of funds required. • No application form. • No additional [...]

2906, 2022

Transactional Funding Requirements – What Should They Be for Your Wholesale Closing?

I have heard some crazy transactional funding requirements for wholesaling, but if someone asks for certain items or information it is a warning sign to run the other way and find another transactional funder. Hi I'm Dave Dinkel and this is my warnings to real estate investors. Today's issue is why would you need a passport for wholesaling?   I got a phone call from a wholesaler asking what documents I needed to approve him for transactional funding - pretty much a standard question.  When I explain what I needed, he sounded shocked and frankly angry. It seems that he [...]

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