Traditional “wet” funding is otherwise called “money for a day.” You can get transactional funding whereas you can buy a property with 100% cash and flip it that same day to a buyer; you essentially do a back-to-back close on the deal with none of your own cash or credit. You don’t even have to have a Social Security Number to do this. You don’t even have to be legal in the United States to work with a transactional funder because they ask you no personal financial details or information to complete the deal.
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Expensive Precise Property Investor,
Ultimate yr I was inside the midst of absolutely altering my precise property investing strategies AGAIN (since I’ve wanted to vary my strategies tons with our ever-shifting monetary circumstances). That’s as soon as I discovered one factor that on no account existed sooner than.
It’s referred to as “deferred transactional funding.” Ever heard of it?
THE MAGIC OF MAKING MILLIONS WITH NONE OF YOUR OWN CASH
It obtained right here out closing fall and I spotted about it pretty by likelihood by one amongst my transactional “moist” funding guys.
Typical “moist” funding is in every other case referred to as “money for a day.” You could get transactional funding whereas you can purchase a property with 100% cash and flip it that exact same day to a purchaser; you primarily do a back-to-back shut on the deal with none of your private cash or credit score rating. You don’t even should have a Social Security Amount to do this. You don’t even should be approved within the US to work with a transactional funder because of they ask you no non-public financial particulars or information to complete the deal.
The “catch,” in spite of everything, is that it’s essential to have your “C Purchaser” on the back-end in contract for getting the property from you (that you just don’t even private however) sooner than a moist funder will fund the deal, allowing you the 100% cash to buy the property from the seller.