Hi Everyone! Is this a correct guest on how would a EMD deal work?

Hello Everyone. i plan to ask this question for every type of funding scenario. Please don't get mad at me 😅. Is this a good example of a double close scenario?

👋 New Member Intro Jeff Hollyhand Tuscaloosa, AL How long have you been involved in real estate or funding? I’ve tried a lot of different things in real estate over the past 25 years but embarrassingly, I never stuck with any of them. They were more like side gigs that I was dabbling in (as I worked my full-time career as a Firefighter). Now that I am retired, I hope to find one thing that fits my personality and focus on it. One thing you’re excited to learn or improve: How the escrow agreement between the lender/funder and the escrow company is actually drafted and fully secured (before funds are wired). I know that’s really specific, but it’s what jumped in my head as I was thinking about this question. Favorite non-work hobby: Keeps changing over the years. Fun one: Early bird or night owl That also keeps changing. Lately night owl 🌙 Glad to be here and ready to dig into the training! 😀

Hello guys! These are my takeaways from yesterday's Meet on the Echo Method. Feel free to correct me if I'm wrong or to add anything. Scenario: - Wholesaler has a deal under contract, has an end buyer, but the end buyer doesn't have the money for the downpayment. - Transactional Funding provides the money for the downpayment. - The exit strategy consists on getting paid back in the HUD when the transaction with the end buyer is done (wholesaler gets paid, we get our downpayment money back + some change, the change is split between Transactional Funding and Bird Dog). - The property appraisal plays an important role here. I don't seem to remember why exactly 🫣 - Primary lenders could potentially kill this type of transaction if they do not allow the end buyer to assign a certain percentage of the money to pay us back, though there are some workarounds for that scenario. Big Thankyou to the host @Paul Brown , and @Khalil Yusuf, @Tim Floyd and the other members who made this training interesting and enjoyable!

Did you all have a great holiday weekend? I think I confused Memorial Day for Labor Day. lol So many blessings and I hope you all were able to enjoy the holiday. We have a call tonight for the Echo method. If it's not on your calendar, please add the group calendar by clicking Add the Calendar to the right of the Community page.