Transactional funding is extremely short term money, normally 1-2 days at most. It is most often used by wholesalers who are buying a property and immediately reselling the property to another buyer.
Budget 2 points, or a minimum of $2,000. That’ll cover most situations. Repeat borrowers will get lower rates.
This is the one time you can do no money down and get 100% financing. The borrower does NOT need to qualify. All we need is two purchase agreements and the title company information.