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The funding company loans you the money to fund the first deal. It’s usually a 24 hour loan, as everybody expects the second deal to close within that period of time. They’ll charge you a fee, usu- ally around $2500. They’ll fund the first deal, and the second deal will pay them off and you’ll get a check for an amount less than your $20,000 spread, as the $2500 fee will have to come out, as well as other closing costs related to the transaction. However, if you end up netting $16,500 instead of $19,000 without the fee, is that a problem? The alternative is no deal at all. So, using transactional funding is a great way to get deals done and put money in your pocket. At www.DeanGraziosi.com, we have contact information for some great transactional funding companies, so go to the web- site and check them out. These transactional funders include www.insiderscash.com and www.coastal-funding.com. With any lender, be sure to complete your due diligence review to become familiar with their terms, rates, and conditions. You can also get more information about assignments and double closings at www.TotalViewRealEstate.com and by read- ing my other books. If you still have questions, call my Success Academy or my customer service support team, at 1-866-478- 0997, ext. 630 and we’ll be glad to help.
Where You Are I know we’re moving through this stuff really quickly, but that was the goal right? You are reading this be- cause you want to make money in 30
days or less with real estate. If we’ve moved a little too fast, and you are stuck somewhere with a question, don’t hesitate. Call
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