Frequently Asked Questions
Common Questions Answered
Yes, for transactional funding we have a specific contract that we use. However, we will work with you on your first deal with us if you don’t have our contract yet. In such cases, expect additional paperwork and addendums may need to be signed in order for us to protect our funds. For all following deals, you will be REQUIRED to use our contract.
Download a copy here, and feel free to share it with other wholesalers.
Yes. For EMD we have a non-refundable 5% upfront deposit ($300 minimum) which is credited towards our total fees if the transaction is successful. This is to underwrite your EMD request and to make sure that you believe in the deal's potential to close. This deposit will be credited towards our total fees and will not be refunded if the deal cancels for any reason. This will be collected right before funding your request. Final paperwork will reflect the difference of the initial deposit and final fee collection.
We can partner with you on EMD and Double Close deals in all 50 states. However, in Mutual Release states your seller may need to sign an addendum or Release of EMD prior to us partnering with you to work on the deal if you don't use our Wholesale Contract.
Our fee structure is case-specific, subject to change based on individual deals and/or our discretion. The provided table is meant to serve as a guideline for fee ranges associated with different funding thresholds.
$1,000-5K in funding: $2,500 fee
$5,001-12K in funding: $5,000 fee
$12,001-25K in funding: $10,000 fee
$25,001-50K in funding: $20,000 fee
$50,001-75K in funding: $35,000 fee
$75,001-100K in funding: $50,000 fee
2% for 24 hour transactional loan ($2000 minimum)
+1.5% per day fee for each additional day money is held in escrow
if there are two separate title companies involved in the double close, we charge 3%