Transactional Funding
Flip Unlimited Wholesale Deals with "No Fee" Transactional Funding
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Reserve Your Spot Now!
Offered by Real Estate Wealth Network
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What is Transactional Funding?
Transactional Funding is a short term loan provided to wholesalers who purchase and quickly re-sell a property the same day. This is often called a "Double Closing". The seller of the property is typically called "Party A". The wholesaler is typically called "Party B". The end buyer of the property is typically called "Party C". Transactional Funding deals are also sometimes called "A to B & B to C" Transactions.
When Should You Use Transactional Funding?
There are a few instances when a real estate wholesaler can truly benefit from using transactional funding so let's take a minute and cover them...
When laws have been passed in your area restricting real estate wholesaling activities
Any time you'd like to conceal the profit of your wholesale transaction
When wholesaling bank owned properties (REO)
If you don't like the idea of being a "Wholesaler"
How Does Transactional Funding Work?
"No Fee" Transactional Funding For Wholesalers!
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No Lending Fees
Our low cost funding structure allows you to keep more of your wholesale profits. Need transactional funding for your double close? We're ready to work with you! |
Funding In All 50 States
We provide loans in all 50 states because we've teamed up with 100+ lenders. We can do just about any deal and work with any credit type. Try us by clicking the easy button below. |
Fast Funding
Because we know the needs of wholesalers and investors, We made our process is fast and efficient. Let our experience work for you to close more deals and make more profit. |
Dedicated Team
We work 100% with real estate investors. Your funding request is sent immediately to our team to open a file and start working on what is needed to get you to closing. |
FAQ's About Transactional Funding
When is Transactional Funding Needed?
Wholesalers use our Transactional Funding Service for two basic reasons:
1. They have a contract that is NOT ASSIGNABLE to a third party. This is typical when purchasing properties off MLS, bank owned properties, or properties owned by government entities (HUD, FHA, Fannie Mae, etc).
2. The wholesaler is choosing not to assign the contract in order to maximize their wholesale markup. Many times end buyers will not purchase a property if the assignment fee is too high. You do not have to disclose your contract details to the end buyer when you utilize Transactional Funding.
Wholesalers use our Transactional Funding Service for two basic reasons:
1. They have a contract that is NOT ASSIGNABLE to a third party. This is typical when purchasing properties off MLS, bank owned properties, or properties owned by government entities (HUD, FHA, Fannie Mae, etc).
2. The wholesaler is choosing not to assign the contract in order to maximize their wholesale markup. Many times end buyers will not purchase a property if the assignment fee is too high. You do not have to disclose your contract details to the end buyer when you utilize Transactional Funding.
Are there minimum and maximum funding amounts?
There is no minimum funding amount. The maximum funding amount is $1,000,000
There is no minimum funding amount. The maximum funding amount is $1,000,000
Does my credit or income affect my ability to use your funding?
NO! We do NOT have any type of credit or income requirements associated with our program! Unlike others, we do NOT base fees or approval on your background or current financial situation. Everyone qualifies for funding! It's the deal that counts.
NO! We do NOT have any type of credit or income requirements associated with our program! Unlike others, we do NOT base fees or approval on your background or current financial situation. Everyone qualifies for funding! It's the deal that counts.
Do you have a preferred Title Company, Closing Attorney or Escrow Agent that I can work with?
Yes! If you need a referral, we have a vast network of closing agents, that we have worked with previously, to help close your transactions. By using our preferred partners, your deals will close faster and with ease! Sure, you can still choose your own closing agent whether that is a title company, closing attorney, or other escrow agent. We will verify their credentials prior to closing. Regardless of whom you choose, we will be here to work with them to ensure a smooth and seamless closing.
Yes! If you need a referral, we have a vast network of closing agents, that we have worked with previously, to help close your transactions. By using our preferred partners, your deals will close faster and with ease! Sure, you can still choose your own closing agent whether that is a title company, closing attorney, or other escrow agent. We will verify their credentials prior to closing. Regardless of whom you choose, we will be here to work with them to ensure a smooth and seamless closing.
Why, in some cases, do I need to use two different closing agents for a simultaneous closing?
In many cases, the bank will mandate a closing agent to facilitate your purchase. Generally, these closing agents are under contract with said bank and are limited in their capacity to conduct simultaneous closings. In this situation, we suggest utilizing a second closing agent for your resale transaction with your end buyer. It does take slightly more coordination, but in the end, it gets the job done!
In many cases, the bank will mandate a closing agent to facilitate your purchase. Generally, these closing agents are under contract with said bank and are limited in their capacity to conduct simultaneous closings. In this situation, we suggest utilizing a second closing agent for your resale transaction with your end buyer. It does take slightly more coordination, but in the end, it gets the job done!
Do you provide funding for more than one day?
We provide transactional funding to accommodate all of your wholesale (flip) needs and from time to time our funds are out for more than one day! You have to have a committed buyer lined up though, and the deal needs to make sense. Then if it takes more than a day, we will likely be ok with it. Keep in mind that this is not hard money. If you're looking to do a rehab, or close now and find a buyer later, that's simply not what we do.
We provide transactional funding to accommodate all of your wholesale (flip) needs and from time to time our funds are out for more than one day! You have to have a committed buyer lined up though, and the deal needs to make sense. Then if it takes more than a day, we will likely be ok with it. Keep in mind that this is not hard money. If you're looking to do a rehab, or close now and find a buyer later, that's simply not what we do.
Are your Proof of Funds Letters accepted everywhere?
Yes, our Proof of Funds Letters are ACCEPTED EVERYWHERE. Our Proof of Funds letters are provided on official letterhead including Cameron’s contact info. So when an agent, bank representative or private seller requests a Verification of Deposit, or VOD, in the form of a bank statement, we will be happy to send it on your behalf. When faced with this, just ask them to call, or better yet, send an email to the address on the POF letter, and we'll get the documentation to them without delay. We always respond expeditiously to support you so that you can do more deals that need my funding. We want to fund your deals. That's why we're willing to send a copy of our bank statement (with the account numbers crossed out of course) to a complete stranger. We've got your back!
Yes, our Proof of Funds Letters are ACCEPTED EVERYWHERE. Our Proof of Funds letters are provided on official letterhead including Cameron’s contact info. So when an agent, bank representative or private seller requests a Verification of Deposit, or VOD, in the form of a bank statement, we will be happy to send it on your behalf. When faced with this, just ask them to call, or better yet, send an email to the address on the POF letter, and we'll get the documentation to them without delay. We always respond expeditiously to support you so that you can do more deals that need my funding. We want to fund your deals. That's why we're willing to send a copy of our bank statement (with the account numbers crossed out of course) to a complete stranger. We've got your back!
What information do we need to provide for the Proof of Funds Letter?
We have two options. In either case, the letter will be generated in your name, your entity's name, or both. If you desire a property specific letter, please be ready to provide the address information for your subject property and amount required. For a blanket letter, only an amount required is necessary.
We have two options. In either case, the letter will be generated in your name, your entity's name, or both. If you desire a property specific letter, please be ready to provide the address information for your subject property and amount required. For a blanket letter, only an amount required is necessary.
Can I have a property in my personal name and use your funding?
No, not only is a bad idea to do deals in your name (from a legal and asset protection standpoint), but our policy is that we only fund deals that are in the name of an entity. If you need to setup an entity, we use and highly recommend www.llcpublishing.com.
No, not only is a bad idea to do deals in your name (from a legal and asset protection standpoint), but our policy is that we only fund deals that are in the name of an entity. If you need to setup an entity, we use and highly recommend www.llcpublishing.com.
How soon can I obtain a Proof of Funds Letter?
You are able to generate your own Proof of Funds Letters on demand at anytime from anywhere in the world where you have internet access. Once you're part of our program, you will have IMMEDIATE access to Proof of Funds via a unique personal online Dashboard account created just for you! There is no submitting a request and waiting for a response. Simply login and create all of the Proof of Funds Letters you need.
You are able to generate your own Proof of Funds Letters on demand at anytime from anywhere in the world where you have internet access. Once you're part of our program, you will have IMMEDIATE access to Proof of Funds via a unique personal online Dashboard account created just for you! There is no submitting a request and waiting for a response. Simply login and create all of the Proof of Funds Letters you need.
What is the cost for your transactional funding?
One of the things we're able to offer, and quite honestly BOAST about, is the fact that on any same or next day transactions, there are NO FUNDING FEES! That's right... no application fees, no points, no wire fees, no administrative fees...WE WAIVE THOSE FOR YOU! There are no minimum requirements on the amount we will fund, either.
One of the things we're able to offer, and quite honestly BOAST about, is the fact that on any same or next day transactions, there are NO FUNDING FEES! That's right... no application fees, no points, no wire fees, no administrative fees...WE WAIVE THOSE FOR YOU! There are no minimum requirements on the amount we will fund, either.
Do you cover closing costs?
Yes, you may request any amount necessary to cover your closing costs and any other fees associated with your transaction. This helps to limit your out of pocket expenses.
Yes, you may request any amount necessary to cover your closing costs and any other fees associated with your transaction. This helps to limit your out of pocket expenses.
How much funding may I request?
We will fund amounts up to $600,000.00 per transaction. The number of deals that we will fund will depend on the package that you purchased. If you can wholesale it, we will fund it! Take advantage of our discounted upgrade to R.E. Trifecta and get $1M Proof of Funds & Funding, and much more.
We will fund amounts up to $600,000.00 per transaction. The number of deals that we will fund will depend on the package that you purchased. If you can wholesale it, we will fund it! Take advantage of our discounted upgrade to R.E. Trifecta and get $1M Proof of Funds & Funding, and much more.
What if I am having trouble with my title company in regards to utilizing your funding?
Please feel free to contact our Funding Team directly for assistance. We are more than happy to work with your title company in facilitating your closing.
Please feel free to contact our Funding Team directly for assistance. We are more than happy to work with your title company in facilitating your closing.
Once I have a deal on the table, how do I request transactional funding?
Simply login to your online Dashboard account and click the Funding option. We provide a checklist and detailed instructions on what to send us to ensure we’re ready to close when you are!
Simply login to your online Dashboard account and click the Funding option. We provide a checklist and detailed instructions on what to send us to ensure we’re ready to close when you are!
Where do the transactional funds come from?
Funds are wired from our funding entity, which is registered as Finger Lakes Funding, Inc.
Funds are wired from our funding entity, which is registered as Finger Lakes Funding, Inc.
Transactional Funding is provided by Real Estate Wealth and are not a product of The Wholesalers Toolbox.
For more information about our affiliate relationships please read our affiliate disclosure
For more information about our affiliate relationships please read our affiliate disclosure