Comments on: Transactional Funding is a Glorified Simultaneous Closing!

By: Tiara

Tiara — Sun, 29 Nov 2009 02:40:57 +0000

Where do I find private money? Its not like they are advertising all over the internet like Transactional lenders.

By: matt

matt — Sat, 12 Sep 2009 14:30:48 +0000

Pat,

Great stuff as usual. You mention that “transactional funding is a glorified simo close,” as if that is a bad thing, or something to shun. My question is: why do you say this? If the title / escrow company and all other parties have no issue with this then why wouldn’t we want to do this?

I’m not sure of the benefit of a Mon to Mon close? This is less than 30 days (CW/BOA 30 day rule) and less than the 90 day FHA rule, so it is a quick flip. Whether we do the B to C in one hour or one week seems irrelevant.

If I’ve missed something here, please enlighten me.

Thanks, Matt

By: Lynne Johnson

Lynne Johnson — Fri, 11 Sep 2009 21:33:20 +0000

Pat & Bob:

If I have a lender that will not give a loan for more than 125% of the price I bought a Short Sale for what should I do? Bob addressed some of this on the Friday Mastery Class. You can call me at 888.215.3931 of my cell at 239.565.1223

By: Winston Ortega

Winston Ortega — Fri, 11 Sep 2009 13:58:26 +0000

Great program today Pat. Go kick some ass tonight!