General Investing Questions & Answers

All of our loan officers are thoroughly trained and experienced to assist investors in every aspect of rehab and financing of thier real estate project. From purchase, to rehab, all the way to selling, Direct lending Partner & its loan officers have the experience investors need to complete a fast no hassle rehab investment.

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Proof of Funds when Buying A House

Proof of Funds are needed anytime investors are buying a house from the bank to flip to another investor or rehabber for profit. Proof of funds is a way for the bank to verify that the investor does in fact have the necessary funds to complete the transaction.

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Simultaneous Closings

How to perform or structure a Simultaneous Closing - Double Closing - Back to Back Closing?

Each state has different laws or requirements when performing or structuring a simultaneous, double or back to back closing and the laws are always changing. What they could do 5 years ago, they may not be able to now. Some states don’t allow simultaneous closings, others do. Some title companies allow this, other’s don’t. However, it’s becoming more and more difficult to do a simultaneous or double closing because of the stricter laws with the lenders. Anymore, they want skin in the game and require (wet funds) to stay in the game. But, we as investors always seem to find a way to make it work. It’s still in your best interest to search diligently for a title company that will handle this unique or creative way of closing on a property. They will be able to assist you in making sure it is performed properly according to your state’s laws and regulations.

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Transactional Funding FAQ?

Does my credit or income affect my ability to use your funding?

NO! We do NOT have any type of credit or income requirements associated with our program! Unlike others, we do NOT base fees or approval on your background or current financial situation. Everyone qualifies for funding… as long as you they meet our requirements!

Can I use my own Title Company or Closing Attorney with your transactional funding?

Yes, you can choose your own closing agent; whether that is a title company, closing attorney or other escrow agent. We will verify their credentials prior to closing. If you need a referral, we have a vast network of closing agents that we have worked with previously, to help close your transactions. Regardless of whom you choose,

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