A one-day loan is still possible for Oklahoma property wholesalers.

Don’t miss a beat with our Transactional Funding - despite the change in regulations on your doorstep.

NO MINIMUM  I  UP TO $1,000,000  I  100% FUNDING

1% ORIGINATION FEE

Later or now

The following is a must-read:

We know that up until now, you've been wholesaling as an unlicensed operator

  •  Making your money in real estate by contracting into a purchase agreement and then instantaneously reselling the asset, for profit, to a different purchaser.
  • The attraction is that the end-buyer and original seller never meet or see the complete process details.

You usually have no intention of purchasing the property. Like other wholesalers, you rarely take title to the property. Not unless it's part of a dual closing transaction where the ultimate purchaser is closing the second transaction simultaneously.

Typically you're using custom short-form purchase contracts VERSUS the Oklahoma Real Estate Commission "OREC" form. So far, it has enabled you to market the property looking like the owner publicly. Except, in reality, you're the middleman passing it through to an investor at a markup. Indeed, the markup profit functions similarly to a type of real estate commission (i.e., the income source for licensed realtors), now coming under the OREC spotlight.

Here's the thing: The new laws make things very complicated. Double closings - the thing you're fully into - don't vary very much from two traditionally managed buy-and-sell transactions realtors deal with every day. The big divide is that it happens in a day, as opposed to weeks or months. In this case, the homeowners likely haven't a clue about any resale transaction and the terms around them.

You probably appreciate the way it works is that the wholesaler takes legal title and possession, literally for a second, before relinquishing title to another. That's not traditional, and it falls outside the bounds of licensed protocols. After November 1, suppose there's a sniff of a wholesaler not going a strictly private route to resell an asset? Under the new laws, you are transacting illegally. Public promotion of real estate to resell is a no-no unless you’re licensed.

Please read the regulations carefully. They point to the scenario that wholesalers who persist in operating without a license after November 1, 2021, are opening themselves to penalties for violations. These include hefty fines and even imprisonment.

You may think that the only situations now facing you are:

  • Hard money lenders charging exorbitant origination fees and 14% annual interest.
  • Getting licensed or counted out of the game.
  • Traveling an obstacle course through attorney obstructions with every deal.
  • Facing uphill with all parties potentially walking away as new transparencies dilute your negotiating power.

Think again:

We are ahead of the curve with a methodology that will keep you on the right side of the law without disrupting your way of working.

Please fill out our simple and accessible form, including all contracts, amendments, and corporate documents. That's it - from there, we do all the heavy lifting. How?

  1. We work directly with your title company to ensure the transaction's compliance.
  2. They pay the seller with our funds from escrow.
  3. They lodge the balance - your profit - pay you at closing.

No matter how you are transacting, we will shape our flexible system around you. Wholesalers in residential and commercial properties love our transactional processes. We have a single-minded goal - to go to the heart of getting cash into your bank account without the hassle and stress. End losing a big chunk of your profit in the closing arrangements. Our model is clockwork-reliable, straightforward & seamless.

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NO UPFRONT FEES      NO ADDITIONAL FEES      NO MONTHLY PAYMENTS

NO APPRAISAL    NO CREDIT CHECK

It’s time to shift over to transactional funding without another thought. Why?

Because it’s a cost-effective strategy that successfully prevents the seller and the end-buyer from knowing about each other’s participation in the transaction.

  • All perfectly legal and above-board in Oklahoma.
  • Keeping your transactional profit as the wholesaler confidential to one person and one person only - you!.

How does transactional funding work in Oklahoma to your advantage?

  1. It’s a focused short-term financing program.
  2. It’s designed to help wholesalers close deals in as little as one day.
  3. It achieves all the things the pass-through technique does, but stays perfectly compliant with the new Oklahoma regulations.
  4. We will advance the funds that fuel the transaction as long as we confirm there’s a legitimate end-buyer willing and able to buy the real estate in question.
  5. There's no risk. If, for any reason, the deal implodes, there are no penalties or fees. Also, there's no investor money in the mix. We take on 100% of the funds involved in getting the deal closed.
  6. We don’t care about wholesaler's FICO scores and creditworthiness if the above information ties in with our methods. All we need to see are the basic contract details, proof of identity, and funds.

Transactional loans are fast processes. These days, twenty-four-hour transactions are in the wholesalers' sweet spot. It will cost only 1% of the loan value, deducted from the wholesaler's profits.

Why us

We've been in your shoes, and we're not panicking because we have the solution at our fingertips. We have hundreds of successful property closings under similar regulations about to hit Oklahoma. We understand the intricacies of flipping, wholesaling, buying rental properties, seller finance, and creative exit strategies. We've covered the marketplace from end-to-end since 2014, dealing with the same situation that hit North Carolina recently.

We know better than anyone that successful real estate trading can turn on a dime with split-second timing. When deals collapse, nearly always, the process is at fault. With these new laws and added complications, there's zero tolerance for error. I'm sure you know the imminent risk of sellers and buyers walking out of a closing when assignment fees appear somehow.

Don't fret or sweat it. Now's the perfect time to switch over to Transactional Funding. With us the closing costs won't eat away at your profits significantly, and speed is our signature feature. We launched Wholesalers Transactional Funding to close the gaps - make life easy for you. You'll see immediately that our model protects transactional confidentiality and keeps your bottom line buoyant. We are the leaders in this space because we live and breathe the business and all that comes with it. Our proposition delivers the quickest route to a fast close.

NO UPFRONT FEES      NO ADDITIONAL FEES      NO MONTHLY PAYMENTS

NO APPRAISAL    NO CREDIT CHECK

A typical case study

So let's look at the process step-by-step with an example:

  1. The wholesaler enters into a contract to buy a single-family home from the original seller (let's call him A) for $300,000 - Part 1 of the transaction.
  2. The end buyer (call her C) signs a contract to buy the wholesaler's property for $350,000 on the same day as Part 1 (i.e., Part 2 of the transaction).
  3. The wholesaler delivers a BC contract signed by C (the end buyer) to the transactional lender.
  4. On the day of settlement, the transactional lender lends the funds to the wholesaler to pay A.
  5. Immediately after completing Part 1 (of the two-part transaction), the wholesaler closes Part 2 and collects C's money.
  6. C's payment pays back the transactional lender’s fee. The balance goes to the wholesaler's bank account as the realized profit.
  7. It may look like a complicated procedure, yet it's quite simple. A closing entity (e.g., an attorney or title company) is generally the middle entity acting for the wholesaler in Part 1 and Part 2 of the entire deal. They deal directly with the lender, the original seller, and the end buyer - removing the wholesaler from the heavy lifting.
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Transactional funding for Oklahoma is the only game in town.

With Pass-Through Funding and “Blind HUDs” practically yesterday’s story, it’s the only game in town that makes sense.

BACK-TO-BACK CLOSINGS

“FLASH” SAME-DAY FUNDING