Transactional Funding

Transactional Funding

It appears there is a new regulation which is preventing some lenders from financing loans under $20K. I have decided to buy the property for $17.8 with transactional funding cash under my company then sell it to myself at the minimum finance limit so that I can finance the property. Is that okay?



I think I'd check with an RE attorney on that. With the new regulations, you will want to make sure nothing draws a red flag, especially for such a small transaction. Never know what they'll come up with. Better safe than sorry.
Just my thoughts.



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I would talk to an RE attorney. Laws and regulations are always changing, it's wise to consult before making any move.

Big Thanks

Thank you for the advice. The forum always helps.

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