Financing and Credit

does anyone know of any transactional funding source that lends money for more than 1 or 2 days, preferrably 30-45 days so that we can circumvent the 30 day seasoning requirements of many banks

are they good, terms ok. what do they require to do a loan. are they credit driven. were you satisfied with them. will you use them again

are they good, terms ok. what do they require to do a loan. are they credit driven. were you satisfied with them. will you use them again

Bumped Equity

House worth $100K

You can have it for an MAV (mutually agreed value) of $80K by just taking over the payments. Say, you have to put up $4,500 to cover arrearages (assuming the lender wouldn’t give you a forbearance).

In order to make a profit, you now bump the MAV for your Resident Beneficiary at $105K and charge the resident 7.5% to get in (abt $8,000). You have now made $25K in equity and $3,500 in up front cash plus a postive cash flow along the way (in addition to the principal reduction and future appreciation over $105,000).

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Hello DG Family,

I want you all to be aware of how Jason and I were almost scammed by a potential private money investor.
Jason and I are in constant search of private money for our deals. Quite often we post on FB in regards to private money for potential deals that we have lined up. Well, Jason was contacted by an individual via FB and asked for more details on what we offer. Jason had the gentlman visit our website, he discussed how private lending works, what % we offer and what documents the private money lender will receive to secure his investment.

HI

DOES ANYONE ELSE OUT THERE HAVE GREAT CREDIT GREAT NET WORTH LONG TERM HISTORY WITH RENTAL PROPERTY AND JUST CANT GET GOOD REASONABLE LONG TERM FINACNING FOR RENTAL PROPERTIES.
THANKS BRYAN

HI

Hello To All:
I wanted to clear up some confusion that seems to come through in peoples mindsets about transactional funding.

First, it is not a loan, it is deal funding, not deal financing. There is a huge difference.

In order for this type of deal funding to work, you must have a contract with the seller, called the A-B and a contract with the end buyer, called the B-C.

You must also have the closing agent provide a escrow receipt as proof of the end buyers funds being held for the deal.

You can use the funds for residential, commercial, short sales, REO's, HUD Deals, etc.

I talk to investors everyday about transactional funding and many think it's a loan and when I inform them it is not as such, they become very interested.

Just wanted to clear up a few things.

Hello To All:
I was just informed today that we can now do transactional funding on HUD properties. You must have both the A-B and B-C contracts setup as well as have the closing agent provide a escrow receipt to show funds from the end buyer or the B-C portion of the deal.

I know several people have been sending me PM's and I have not been able to get back to them. I had a death in the family, major dental surgery and medical tests all in the past two weeks.

I will get back to everyone. For those who contacted me and have not heard back, drop me a note with your contact info once more.