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Open Discussion + Q&A is happening in 5 days
EMD Timing Question
When a deal needs TFH EMD funding, what’s the recommended best practice for the EMD deadline? Standard CA RE forms default to 3 business days. Might be different in other states. How much time does TFH ideally need after signed PSA to review, approve, and fund cleanly... so it's not a RUSH job? Also, on the inspection/due diligence side, I’m thinking minimum 10 business days, ideally 15, so there’s enough time to validate/dispo the deal before EMD is ever at risk.
The Deal Machine
Hey @Paul Brown do you have the replay and date for the meeting where you went over how to customize the white label site? There was a day where you specifically showed to have your logo doubled side by side for one, and then another on how to fix your logo for the top of the page. It was pretty detailed.
Wholesale Deal Training
I'm doing the training and I'm at the Wholesale Deal. I understand the process but here are 2 questions right now. 1. Is there a HUD for each closing or one HUD for the entire double close? 2. Where do the closing fees come from in A-B close? Is this included in the double close fees? Thank you!
Quick lender question for the group —
I've got an investor with a paid-off 9-plex (commercial-zoned), fully rented, ~$5,400/mo gross, 750+ credit, historical rents available. He wants to pull out ~$300K (cash-out refi / DSCR). The snag: he's trying to avoid a full interior appraisal — the building's fully rented so tenant coordination is a headache, plus the ~$2K cost. Two questions: 1. At ~$300K on a commercial-zoned small MF, is a full appraisal always required, or will some lenders accept a desktop / AVM / exterior-only valuation? 2. Anyone have a DSCR or bridge lender that's flexible on valuation for this profile? 3. Appreciate any lender names or pointers. 🙏
Help!
Hello friends! I have someone that wants to do a Morby Method. He has a property (not under contract yet) and the seller and realtor are ready to deal. They are open to seller finance. I want to make sure this is even a deal before submitting but I'm not sure what process you want me to use for underwriting. I know the underwriting is different for purchase vs lending. Does anyone have a creative underwriting calculator I can use? The borrower is asking about my fee for the Transactional Lending but I would like to get him to apply for the DSCR loan with us as well. Please help me with the steps I need to follow to get this to the finish line! Thank you so much!
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Transactional Funding Hub
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