Transactional Funding, Flash Funding or Dough for A Day as it’s referred to is a one-day loan that facilitates short sale and or flip transactions allowing you, the Real Estate Investor to simultaneously close to your end-buyer.
The need for Transactional Funding has come since Title companies do not want to conduct simultaneous closings or “dry closings†any longer due to the intense scrutiny from State and Federal regulators. A “dry closing†is where you would use the end buyer’s funds, the “C†buyer to fund your transaction between the A-B, with you being the “Bâ€. Title companies are now requiring that the first closing be a “stand alone†or an Arms-Length Transaction, meaning the investor must bring their own funds to the closing table and fund the A-B transaction.
So what do you do if you don’t have the cash? Use Hard Money? Not a good choice! You would end up spending 8 percent of the purchase price or more on this type of transaction and that could kill the whole deal.
There is cheap, effective, and logical solution, Transactional Funding! The process is fast, simple and painless! With the transactional funding you would fund the “A†to “B†transaction. This occurs seamlessly with:
-A Proof Of Funds Letter
-No Income Verification
-100% Funded, no need to bring your own money to closing
-No Credit Checks
-No Appraisals
-EASY Approval
-FAST 24 to 48 Hour Setup
-If The Deal Doesn’t Close, You Owe ZERO
-Leaving No Risk To YOU!
Transactional funding is a much cheaper solution than Hard Money and more profitable than not being able to close your deals at all! There is no limit to the amount of times you can use the Transactional Funding. We use it to fund every short sale deal we do!
Whether you use Transactional Funding once or one hundred times, it is an invaluable resource to getting your short sales, REO’s or any kind of deal that you need to fund for one day closed on the “A-B†transaction.
For more information on Transactional Funding, please visit http://www.FundsFor1Day.com
About the Author
Matthew Lohse has been investing in real estate since 2006. He is the manager of Today’s Real Estate Solutions LLC. Today’s Real Estate Solutions is a real estate company that specializes in finding below market value homes throughout the Chicagoland area. To gain access to our properties and to be added to our buyer’s list please visit: http://www.BuyHomeIllinois.com
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