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What it Costs
EMD Funding
Double Close Funding
Seller Carryback Funding
We charge a flat 30% return on all EMD deals with a $1,200 minimum return. That means IF the deal closes, we would receive the initial amount plus 30%. We also charge a minimum $250 non-refundable fee prior to funding your deal to pay our transaction coordinator.
We charge a flat 1.5% fee on all double closings with at least 1 weeks notice. If you need the money quicker than that we will have to review to confirm. Our minimum return is $1,500 on smaller deals.
We charge a flat 2.5% minimum fee on seller carry-back deals with at least 1 weeks notice. If you need the money quicker than that we will have to review to confirm. Our minimum return is $1,500 on smaller deals.
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What types of projects does My Investor Resources fund?While we specialize in transactional funding, we can also assist with other funding options as needed.
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How much do you charge?We charge 30% return for funding EMD and 1.5% for transactional funding to start. These numbers can change depending on duration of the deal and risks involved.
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Are there any up-front fees?For EMD, we charge $250 up front to pay our team for underwriting and processing the deal. Sadly we must do this so we don't end up losing money by funding your cancelled deal. This fee will come out of the return at closing, so if you are confident in your deal closing this will have no effect on you! There is NO upfront fee for double closings.
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What qualifies as a double closing?A double closing is a real estate transaction method where two back-to-back property sales occur on the same day, involving three parties: the original seller, the investor (middleman), and the end buyer. Here's how it works: First Transaction: The investor agrees to purchase the property from the original seller. Second Transaction: The investor simultaneously sells the property to the end buyer at a higher price. During a double closing, the investor typically uses the funds from the end buyer to complete the purchase from the original seller. This allows the investor to profit from the difference in sale prices without needing to use their own funds for an extended period.Double closings are often used in real estate wholesaling and transactional funding, allowing investors to efficiently facilitate deals and earn profits by connecting motivated sellers with interested buyers.
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How quickly can I expect funding?We can move as fast as you do! We typically require 48 hours' notice, but we've closed deals on the same day. Our team works efficiently to streamline the process, ensuring a smooth and hassle-free experience.
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Is there a max amount you can fund?We are ready to fund EMD up to $100K and Double closes up to $100M.
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Can you fund EMD for end buyers?We can fund EMD for end buyers with 3 HUDs to show prior experience. We also require you and the seller to sign an addendum making the inspection period go through the close of escrow. All details will be sent when your deal is submitted.
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What happens if the deal doesn't close?If your deal falls through, you're not responsible for anything beyond the un-front fee already submitted (for EMD deals only).
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