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Show Notes
Transactional funding is another great way to close on deals faster, especially when you’re doing double closings. In today’s episode, we have Daniel Paloscio, a real estate investor and private lender who is focused on these kinds of loans to help us learn more about transactional funding.
Listen now to learn more about Daniel, transactional funding, and why you need access to it as a real estate investor!
Key Talking Points of the Episode
00:00 Introduction
00:35 When did Daniel get into real estate investing?
01:33 What is transactional funding?
03:30 How does transactional funding work?
05:25 How did Daniel get involved in transactional funding?
07:42 How does Daniel’s experience as a real estate investor help the lending business?
08:49 How did Daniel’s real estate portfolio do doing COVID?
09:54 Where do short-term rentals perform the best?
11:04 What is it like to self-manage short-term rentals?
13:13 How many properties should an investor have before hiring a property manager?
15:05 What are the benefits of having a property manager for short-term rentals?
17:14 What kind of short-term rentals does Daniel own?
18:59 How does Daniel pre-qualify landlords for their property management business?
20:22 What services does Daniel’s property management include?
21:42 How does Daniel help clients acquire properties nationwide?
23:36 How can people reach out to Daniel for transactional funding?
Quotables
“In a situation where you have to buy and sell on the same day, transactional funding will be your best, and most of the time, cheapest option.”
“As long as you have an acquisition and disposition contract, as long as you set your closings up to be on the same day, to have a double closing and as long as it’s the same title company, you’re guaranteed funding.”
“We have one job and that’s to show up with the money, and we make sure we do that right every time.”
“I understand the business from an investor’s point of view and I understand what’s important to an investor, specifically a wholesaler.”
“If you’re gonna be near the beach, I should say you wanna get like a 4br 3ba+ – those are gonna be the houses that you can really get $140K-$150K gross.”
“There’s not a lot that we won’t manage, especially if it’s in an area that is gonna do well for the owner.”
Links
Website: Double Close Transactional Funding
Email: Daniel Paloscio
Website: SEP Home Buyers
https://www.sephomebuyers.com/
Website: Vacation Rentals of Florida, LLC
Email: Daniel Paloscio