I sent my laywer a copy of a contract that I received from a group of investors whao are offering joint venture partnerships. I know I brought this up to you on Friday’s Mastery Q&A. When I get his opinion on the contract I will follow up and let you know the results. Right now, I understand it to be they finance the SS at 100% and carge an interet fee on how long you use it,from 1-120 days, on a sliding scale, ex: 12.5% for 60-95 days. I know you said to look for 50% of profits but I could not see anything that eluded to that. Like I said, when I get an opinion I will let you know. I really hope this is ligitament. I would really help us newbies out with the financing. Lynne

And you can go back after them if they did you wrong after this Sept notice.

So for all practical purposes they are a 6% payout. As long as you know to ask for it. If one has a listing agreement at less than 6% they won’t pay more.

And Fannie Mae is the same way.

FYI

Old School Title Company.

oldschooltitle.com

Ask for Bob Mittleman. They are doing them all the time, all over the country.

Check out iVisionary/Jason Medley at:

http://www.ivfinancialsolutions.com/funding__application.php

They have several programs for transaction funding.. even 90 days.

http://www.fixaflipfunding.com/

It has a lot of benefits but also has a lot of downside.

You said you do more Monday to Monday closes. Do you have a company that finances these for you? Who does this type of financing, and what kind of cost is it?