Echo Method Meet Takeaways · Transactional Funding Hub

Echo Method Meet Takeaways

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

, and

and the other members who made this training interesting and enjoyable!

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