We are glad to celebrate one of our recent clients who just completed a $2M wholesale flip with our transactional funding!

Empowering real estate investors like you to succeed and thrive in all market phases is what gets us excited, and out of bed in the morning.

As a part of our new Deal Spotlight Series we are going to be highlighting those who are out there doing great deals.

This month’s is a special deal that we hope will inspire you to go even bigger with your own investing.

$2M Wholesale Deal

We recently helped this investor acquire an over $1.9M property, and instantly exit it for $2.7M. Deal Specs:

Funding date: 2/17

Purchase price: $1,939,524.63

Loan amount from BTF: $1,939,524.63

Property: Mid-rise office building in Arkansas

Resale price: $2.7M

That’s a nice spread for any investor!

Highlights:

LTV: 100% funding from Best Transaction Funding

Closing time: Funded in just 3 days from receiving final HUD

Rate: 2% case by case

This was a great back to back closing. Special thanks to Title for getting it done.

A to B Closing Statement:

B to C Closing Statement:

Your Lender Of Choice For Large Wholesale Deals

Best Transaction Funding is your lender of choice for funding your larger loan amounts and wholesale deals.

We love helping you close big deals.

If you are looking for transaction funding especially for $500k plus transactions you’ll find we have the best rates and terms.

We’ve remained a true transaction funding lender. Offering 100% financing for wholesale real estate deals, and can fund closing costs. All with no credit check or appraisal.

We close deals, and we close them fast.

We are especially proud to be your partner in this market as you build up your volume, and expand into other areas. BTF funds deals nationwide.

Submit your deal and funding request, get your POF, and make those offers today!

 

Plus, if you are already funding deals with us, let us know if you’d like to be included in this new Deal Spotlight series by dropping us an email.

 

What’s the difference between a Proof Of Funds Letter and a Verification Of Deposit?

These two important documents are vital for real estate investors out there making offers on houses. In fact, without one, no seller or agent may want to spend their time talking to you. Much less actually showing you homes or letting you inside. Most certainly won’t accept a purchase offer from you.

They’ve had enough of time wasters and scammers. They want to be sure you can really buy this property.

POF Letters

A Proof Of Funds Letter (POF) says that you have enough money available to you in order to purchase this property. It’s your ticket in the door and to make an offer and get the property under contract.

The only other option here at this stage is really a pre-approval letter from a respected mortgage company. Even then, some may want to see proof of funds for the balance you’ll be bringing.

Check out our FREE POF Letter here, and get out there to make offers.

VODs

A Verification Of Deposit Form (VOD) is the next level up from a POF letter. A VOD if a form completed by the bank, verifying how much money is in an account. It is more concrete than a POF letter. Agents and sellers know that the bank can’t make these numbers up.

We’re increasingly seeing Realtors and home sellers ask for VODs over POFs. They want something more tangible before risking letting someone in their home, driving around with you, or tying up the property in contract.

The savvier the seller, the more likely they are to demand a VOD. This is especially true of deals on HUD homes.

Having this document in hand will streamline the process of doing more deals, and greatly increase your ability to win the bid and seal the deal fast.

Check out our $99 SPECIAL VOD OFFER NOW.

Still confused, or not sure which you need? Contact us and talk to a pro for free right now...

How can real estate investors kick risk to the curb, and maximize the upside?

Few, if any investments are 110% risk free. Yet, the most admired billionaire investors know how to cut that exposure, and keep the green coming in no matter what the forecast is. Here are six ways to avoid losses even in the worst case scenarios, and stay flush while others are floundering to figure out their next move…

1. LLCs

If you are investing in real estate you need to incorporate. Period. There are no good excuses not to. Filing an LLC can cost as little as around $100, and can be done online in minutes. It is also the door to more potential tax breaks, and absolutely key to opening more doors to real estate funding today. Do it now.

2. SD IRAs

Stocks are taking a beating, and Harry S. Dent who successfully called the previous crashes expects the Dow to tumble more than another 50%! Consider rolling over existing retirement accounts to self-directed IRAs and reallocating those funds in direct real estate investments. If you don’t have one talk to your tax pro about which options can allow you to contribute the most, and reduce your tax burden the most this year. You still have till April 15^th to get the break for 2015. IRAs are also typically protected in bankruptcy and judgments. So if things really get ugly out there you still shouldn’t lose your IRA, or your real estate holdings.

3. Stay Liquid

Liquidity is key to safely and successfully navigating the unexpected in real estate according to billionaire investor Sam Zell. If you’ve got liquidity you can sail through anything. Bulk up on cash by wholesaling properties, and using 100% transactional funding whenever possible.

4. Due Diligence in Advance

The more due diligence investors do in advance, the less cash they’ll burn, and the better their profit margins. It only takes seconds to Google potential vendors, and look up property records from your phone. Compass Land and Title in Florida now also recommends sellers obtain a title search prior to listing properties to avoid any challenges during transactions.

5. Multiple Exit Strategies

You already know not to get into a deal until you know how you are going to get out. Of course that first exit plan, or resale buyer or tenant doesn’t always work out. If that was your only exit you could be in some hot financial water. It could tank everything else you are doing. Instead go in with multiple exit strategies for every deal. If you can’t wholesale it can you rehab it? If it doesn’t sell retail can you rent it?

6. Build that Buyers List

Eventually you are going to sell that property to cash out and tally your total net gains or loss. Savvy investors, and especially real estate wholesalers build those buyer lists in advance. Register everyone interested in purchasing a property. Get them to provide mortgage pre-approval letters or Proof of Funds (POF) letters so you know you’ve got a qualified prospect. If you are low on buyers consider collaborating with other investors. Avoid long chains, but do know that there are hundreds of cash heavy investors out there desperate for deals.

Have any tips of your own to add? Let us know on Facebook or Twitter…

Authored by Best Transaction Funding - the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

Do you hold the master keys to winning at wholesaling houses this year?

2016 is expected to be a tremendous year for US real estate. However, there is no question that competition and property prices have increased too. What’s the secret to getting in the game, or scaling your wholesaling business over the coming months?

Financing

Having the money lined up is critical for being able to act fast in this market. Investors are not going to be able to seize on the best investment opportunities fast enough unless they already have the money lined up. If you are out there making multiple offers a week that means having a lender behind you. Even if you have cash to make a purchase or two; the enhanced ROI and liquidity of hard money loans and transactional funding is going to be critical.

Know Your Market Better

If you take too long to evaluate properties they’ll be gone. Investors will always want to back up their assumptions with comps, but every minute counts. Sensei Gilliland of Black Belt Investors says he has the process of vetting deals down to 20 minutes or less. The better you know your market, local property values, and track every home and sale in process the faster and more accurately you can act. There are deals in even the hottest markets in 2016. It is possible to find sweet deals with fast $70,000 spreads if you know who is buying and selling, and what sales are about to be recorded. As the market climbs this is critical for being able to find inventory, and generate consistent cash flow while others allow themselves to be paralyzed due to a lack of data.

Be a Strong Buyer

Whether bidding on inherited properties, cherry picking from the MLS, or sniping for sale by owners investors must be positioned as strong buyers. This means being armed with a Proof of Funds letter (POF), making strong offers, and knowing how to effectively present yourself and your offer.

Build a Waiting List

The growing pressure from interest rates has thousands of buyers eager to secure properties. Many won’t be ask picky as they used to be. Many see this as their last opportunity to lock in cash flowing rental properties and affordable payments on homes, at least until we come full cycle again. They are not going to be as sensitive to price, or terms, but they want solid properties which can weather any coming fluctuations. Build a list of these buyers. Do it right, and don’t keep them waiting too long and they’ll be loyal. With a good deal on the front end, a strong buyers’ list, and access to transactional funding, investors can scale quickly.

Value & Good Deals

Unless wholesalers pack in the value and offer good deals they aren’t going to hit their full potential or see the repeat business they should. Think about next month, the next 11 months, and the next 11 years, not just the money you can make on one deal today. Don’t sabotage tomorrow.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.