Coastal-Funding down? Other transactional funding..??

In case anyone ever reads this topic wondering the same thing..

I was informed of another site by a user here (Thanks Luke!). www.cashformyclosing.com They have a quick, painless POF request. VERY similar to Coastal-Funding. If I end up using their services, I will be sure to post and let everyone know how they worked out.

Good luck!
-Mike Hutchins

Hi Mike, Tranactional Funding go to http://www.ivfinancialsolutions.com/
you can get POF and wire funding for your closings. Sorry had wrong link.

Good Luck & Good Investing

whurndon
H&H PROPERTY SOLUTIONS LLC

thanks everyone i need pof also

Has anyone done deals with dpafunds.com?
Direct 1-405-217-3199
Fax 1-866-323-7959
They provide seasoned pof or money for a down payment/funds in escrow accounts for double closing/they do not provide money for a down payment in FHA or VA loans. Is this company for real?

William, I tried the website you posted, but got nowhere. Is it posted correctly? I need funding also. Pete

I just checked it out as well and could not find it. Is the link incorrect? Thanks for the feedback tho regardless!

Good luck!
-Mike Hutchins

I have not tried or heard of dpafunds, so unfortunately I cannot give you any feedback.

I did however request a POF from cashformyclosing.com and received it promptly. I noticed their fees are slightly lower then Coastal-Funding but they do not finance on the massive scale which Coastal does.

If I utilize their services I will come back and post regarding how it went.

Thanks and good luck!
-Mike Hutchins

they are very similar to costal with similar fees tempofunding.com.

Thanks, always good to have open options.

Sorry Mike wrong link,here is the correct link.

www.shortsalefundingforyou.com

Thanks for the correction, always good to have backup resources.

will the broker/lender accept a Proof of funds letter that says "back to back closings only" when I am not closing on a back to back?

This Co. does back to back Real estate deals, they provide the seed money I haven't closed a deal w/this co yet but they provited me with proof of funds in minutes a $100,000 deal will cost you $2500, ck it out and let me know ( investorinsightsfunding.com ) Edgar

thanks Edgar, am actually purchasing a property using a hard money lender.

I have to provide for a proof of funds letter that doesn't day back to back closing purposes only, can u please send me a copy of the letter that you got just so I can read?

my email is daynahkent@****

Edgar,

We actually have to pay $ 2500 for their service ? Kinda redundant question but I will sleep better knowing what is involved getting the Proof Of Funds from the website above.

With my appreciation.

Cheers,

Walter, Las Vegas, Nevada

You should definitely not have to pay for a standard Proof of Funds from any transactional funding company, especially $2500! There are several companies that will do this for you for free, but very few are able to provide real verification of deposit (VOD). If you go to http://shortfunding.com they will email you a proof of funds for free. For experienced investors they offer a "premier" service of blanket proof (no need to keep going back for different properties) as well as a real bank verification. New company, but taking over the space fast.

Do yo pay for the fees before or after the deal has been made?

Never pay transactional fees upfront!!

For our funding we have used www.onedayfunding.com for all of our transactional needs. You can get POF right on the website.
They have been great to work with and the closings are so smooth.
Hope this helps.
Laura
BMW Investment Properties LLC

Go to http://www.mdtfcam.com These guys fund double closings all the time. Their POF letters are backed up by $600.000 every time you create one. The seller in your deal can call my TF guy and he will supply his bank statement that proves you are good for the money. This happened to me on the last REO I put under contract using my guys POF. Don't fool around with a bunch of companies that can't really deliver like WE investors need them to!! Watch the info at http://www.mdtfcam.com and learn how it works for real.

Michael Mangham
MD Home Acquisitions LLC

but going the direction Mike shows in post 21 makes sense. Once you really are an investor and not just playing like an investor, you will want the real thing.

This guy spoke at my last REI meeting! He is amazing!

I googled and researched him pretty extensively. I could not find one negative thing about him. In fact, I found several people who use his services and are quite happy with them.

Karen

I use them personally!! Every day. I made two offers today 12/24 on REOs that I used the POF letter with my offers. Got an REO under contract this week using the POF letter and will close the 2nd week of 2011 using the TF!! Just like Dean, his stuff works! It is exactly what he says it is and things don't change mid deal!

Still shooting for 20 in 2010 but time has just about run out. Oh well, 19 ain't so bad. 2011 we will be off to a great start! 2 properties rehabed and listed and a double closing so far for January.

Buyers are begging for properties, anyone with wholesale deals in Denver contact me ASAP!

Michael Mangham
MD Home Acquisitions LLC

Michael you still have seven days left,you still got a shot at 20.

I still believe in you! I am seeing TWENTY!!!!

Merry Christmas to you and the Happiest of New Years!

Karen

Thanks for the info on transactional funding everyone. I am a newbie, actually ordered Deans book over the summer and feel really confident about investing in real estate. I just came across 2 deals by calling a FSBO owner who turned out to be a real estate agent and REO for a bank. I am meeting her on monday and did put out to her that I was interested in working with her. She seems to be very interested in the proposition.

The initial FSBO property is up for sale @ 165k, lease option purchase ok, owner flexible, property is vacant, 3BR/2BA with FROG, needs some appliance upgrades, hardwood floors, 2 car garage, 2800 sq.ft., updated central air. I am going to get more info on property, do comps and financial calculations, fmv on monday.

During our conversion she offered up info on a short sale. Owners are 6 mths back on pymt. FMV on house is $200k to $220k, loan 6%, loan balance $164k. I did not get all the detailed info on the property but it does have hardwood floors. I was thinking this offer would end up being somewhere in the 150's when the agent blurted out the bank will accept an offer as low as $120k to $130k. I will get the specifics on the property when we meet on monday, do my due diligence and proceed from there. I would appreciate all inputs and suggestions on how to proceed. I have shaky credit and am just over broke and these would be my first deals. I am working over the weekend to get flyers out to attract investors and buyers. I will also use craigslist to build my buyer's list. I would appreciate your guidance in this matter. I may need to use some form of transactional funding after locking the deal on contract.

Lastly, Merry Christmas to the entire DG Family and a safe and happy Holiday Season.

Remember, it is not where you start that matters, it is where you finish.
All things are possible through Christ Jesus who strengthens me.

FDWilder

Michael,

I definitely want to get involved with REO's using TR but need more guidance. Would like someone to PM me for assistance.

Thanks you guys for all the comment about POF because all I been hearing from lender is how the bank is financing you for and how much money do you have and so on. Thanks again for the different websites.

WOW...great info!

http://www.besttransactionfunding.com/

http://www.fundaflip.com/