Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: Donc2019 on February 25, 2019, 11:34:26 am

Title: Filling out Transactional funding Contracts
Post by: Donc2019 on February 25, 2019, 11:34:26 am
I have a quick question about the exact contracts needed to complete a transactional funding..? What contract do I need? Sale and purchase between A-B and would I need another sale and purchase contract btw B-C? Do I fill out the A-B contract like I’m buying myself.. ? No and/or assign in the buyer line? Do I need to submit the earnest money to the title company after the Sign A-B contract?
If you could tell me what I need or what your company uses exactly that will really help me out? TX
Title: Re: Filling out Transactional funding Contracts
Post by: Gold River on April 12, 2019, 08:57:12 am
Hi,

     Transactional funding is financing between seller and wholesaler so wholesaler has deed to convey to end buyer. Normally used for transaction where you plan to make 8 percent or more in profits.

Statistically a buyer will pay cash for the contract mark up to 7%, over 7 percent a buyer want's to finance your wholesaling fee thus the reason to use transactional funding!

The contract is a normal board of realtors or other contract between seller and wholesaler!


                        GR
Title: Re: Filling out Transactional funding Contracts
Post by: Gold River on April 14, 2019, 04:47:57 pm
Hi,

    You have a contract between seller and wholesaler (A to B) and a contract between wholesaler and end buyer (B to C). Earnest money should be placed when you contract A to B and equal or more earnest money B to C.

               GR
Title: Re: Filling out Transactional funding Contracts
Post by: Insource_Funding on September 17, 2019, 06:24:07 pm

you just need a contract with a seller. these transactions are typically between 2-10 days - some people call it double closing



I have a quick question about the exact contracts needed to complete a transactional funding..? What contract do I need? Sale and purchase between A-B and would I need another sale and purchase contract btw B-C? Do I fill out the A-B contract like I’m buying myself.. ? No and/or assign in the buyer line? Do I need to submit the earnest money to the title company after the Sign A-B contract?
If you could tell me what I need or what your company uses exactly that will really help me out? TX
Title: Re: Filling out Transactional funding Contracts
Post by: Insource_Funding on October 05, 2019, 11:52:56 am
why would you do that, you could do a double closing without using any of your money.
Title: Re: Filling out Transactional funding Contracts
Post by: AsterVand on October 15, 2020, 05:24:11 am

you just need a contract with a seller. these transactions are typically between 2-10 days - some people call it double closing



I have a quick question about the exact contracts needed to complete a transactional funding..? What contract do I need? Sale and purchase between A-B and would I need another sale and purchase contract btw B-C? Do I fill out the A-B contract like I’m buying myself.. ? No and/or assign in the buyer line? Do I need to submit the earnest money to the title company after the Sign A-B contract?
If you could tell me what I need or what your company uses exactly that will really help me out? TX
In order not to write too much and meaningless. In this case, it would be good to consult a lawyer specialized in commercial and civil law.