(NOTE: What it's like to write a $1,000,000 check for a sweet piece of undervalued real estate … even if your bank account is overdrawn and you owe the local lawn boy $20? This special report shows you step-by-step.)
Today we have an awesome lesson for all you Moguls out there about Transactional Funding.
You may be familiar with this funding method by one of its other more commonly used names (and there are bunch): 1 Day Flip Loan, ABC Deal, Flip Funding, Double Close Funding, Bridge Funding, Back-to-Back Funding, Simultaneous Funding and Gap Funding. Yowza!
Transactional funding is a short term loan for certain kinds of real estate deals. I mean super short. Super duper short, like for just a few hours or maybe a day or two. Yeah, that short.
You might be wondering why we’re focusing on this topic today. Because transactional funding, which I’ll refer to as TF from now on, is a pretty important tool that every REI dealmaker needs in their toolbox.
To put it simply: You need to understand how TF works.
You won’t always have to use it, but when you do need it, you’ll know how it works and you won’t be slowed down (or worse - possibly lose out on a terrific deal)…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.