Have you come across a promising real estate deal you can’t execute because you don’t have the necessary funds? Don’t worry! You’re not alone. After all, securing a short-term loan can be a real challenge for real estate investors.
But the good news is you don’t have to rely on sketchy loans with high-interest rates. Instead, you can use transactional funding to secure profitable real estate deals. Let’s see how!
What Is Transactional Funding?
Transactional funding—otherwise known as “flash cash” or “same-day funding”—is a popular financing option for those specializing in double closings.
When you get this kind of funding, you avoid tedious credit checks and other things that can slow the process down.
You’re still borrowing capital, of course, but the process is a lot simpler, and it’ll keep more money in your pockets once all is said and done.
Who Can Benefit From Using Transactional Funding For Real Estate Deals?
Essentially, transactional funding can be a good source of financing for all kinds of real estate investors.
It doesn’t matter whether you’re dealing in distressed properties or properties that need only minor repairs—transactional funding can be used to close a deal quickly and profitably.
Are You Wondering: “How Can I Get Transactional Funding Near Me?”
If you’re looking for the best transactional funding near you, here’s what you should do:
- Choose a reliable lender with excellent customer service.
- Negotiate the loan terms and see how good the deal gets.
- Thoroughly research your options before you decide on your source of financing.
How Does Transactional Funding Work?
Transactional funding is a best friend to many real estate investors, and it works with a wide variety of transactions.
For example, it’s a game-changer if we’re talking about double closings. Also, it’s great for covering an earnest money deposit (EMD).
But the best part is you don’t have to use your own money; you usually just pay a small fee. It’s a win-win deal that keeps more money in your pockets.
Smooth Sailing
A real estate wholesaler can close more deals with reliable transactional funding—like a true pro!
Here’s how it works: Let’s say you spot a motivated seller who wants to offload a property fast. By bringing in transactional funding, you can ensure a seamless transaction that satisfies everyone.
After all, in the real estate game, it’s all about moving forward, quickly and confidently.
Double Closing
Remember, transactional funding can come in handy in a variety of situations. Take, for instance, double closings, which involve two transactions.
First, the seller deals with the wholesaler, and then the wholesaler deals with the end buyer. The end buyer pays more than the seller’s price; that extra money goes to the seller. Simple, right?
Let’s break it down some more with another example:
Imagine this: a real estate wholesaler spots a seller eager to unload their property for $165,000. Then, they find a buyer willing to snap it up for $195,000.
However, because of some strict wholesaling rules, the wholesaler has to purchase the property on their own before selling it to the final buyer. And since they didn’t have enough cash for the initial buy, they couldn’t make the deal.
The good news is with transactional funding, there’s no need to fret! The buyer could purchase the property easily before selling it to the end buyer.
But if they didn’t have access to transactional funding, they’d have to get a traditional loan, which can take forever—especially nowadays since lenders have many strict requirements.
In the end, transactional funding is a time-saver and a way to ensure peace of mind during the flipping process.
Looking for Reputable Transactional Funding?
If you’re a real estate wholesaler, our transactional funding program could work wonders for you. We provide 100% transactional funding for double-close deals without any upfront fees. Don’t miss out on lucrative opportunities because you don’t have immediate funding. Explore the fast and affordable transactional funding solutions DoubleClose.com, a leading transactional lender, is now offering.