http://www.REIClub.com - Here’s a Definition of Transactional Funds and How to Use Transactional Funding For Your Back-to-Back Closings.<br /><br />What is Transactional Funding?<br />Also referred to as: flip funding, double close funding, bridge funding, back-to-back funding, simultaneous funding, gap funding<br />- Short term loan finance the A-B side of a short sale or REO wholesale transaction. <br />- There is no credit check or income verification required.<br /><br />How does the process work:<br />- Identify the property of interest<br />- Request Proof of Funds (letter) - http://fastinvestormoney.com/proof-of-funds/<br />- Execute buy and sell contract<br />- Request funding<br />- Submit transaction documents<br />- Lender Review<br />- Loan approval<br />- Funding<br />- **Extended Funding - 30-day holding period<br />- 90-day Seasoning Rule - expired in Feb.<br /><br />What it WON’T Fund:<br />- Rehab Projects (Fix and Flip)<br />- Earnest Money<br />- Escrow Deposit<br /><br />Please take the time to leave your comments for this video below. Take care and good investing.
