Monday, May 18, 2020

$400,000 loan for a day = $4,000

I am buying a real estate portfolio next week for $800,000 and reselling the same day for $1,000,000. I have around half the cash on hand and need to borrow the rest. There are national companies that do this (transactional funding) for 1% of the funding amount but I figured I'd throw this up here to see if anybody here wanted to make an easy $4,000. The money never leaves my lawyer's office. I do these types of transactions several times a month but this is 10x my typical deal. It...

$400,000 loan for a day = $4,000


from $400,000 loan for a day = $4,000

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