I have a potential borrower on a stack method deal. He’s run into issues before closing on rv parks bc the lender wants to see 1-3 closings experience on rv parks. Do our lenders have these requirements?

Hey 👋 everyone! I’ve already been able to meet a few of you here at squadup and wish everyone could attend. For those in attendance, let’s meet under the buffalo downstairs by the bar at the start of the second break Thursday. See you there!!

I'm looking forward to meeting some of you in person! Let's talk this week about how each of us can get the most out of the meetings, personal conversations, etc.

Hi, Paul, I'm wondering if you'd be available to do a 3-way call with a potential client who wants to do a double close. It is not a typical clean, double-close situation, and frankly, I'm not fully understanding what she's trying to do. I'm hoping with your experience you'll have more insight to explain what she needs to do to make it work. I'll try to explain (badly) what she's doing: There is a wholesaler who has a contract on a home, but is assigning the LLC that owns the contract to an assignee, who is then re-selling the LLC entity to another party. The wholesaler has the original A-B contract on the property. But to avoid taxes or something, they are assigning the whole LLC that has the contract to the assignee who is then double-closing to an end buyer. But to complicate it even further, she is saying she only needs $77k in cash, which she called a "down payment." I explained we can't fund the down payment, but she says it's a double close and the money would come right back? The sale price is 1.27M, and buy price at 1.25M. To be honest, I didn't even follow what is happening. She is describing it as a "creative finance" deal. Maybe you can unravel it and advise her what needs to happen to be able to get the deal funded. Would you be open to doing that? Happy to send you what she sent me.

Do we have a DSCR document that can be shared with a potential client?