Transactional funds are used for intermediate funding in short sale and foreclosure real estate flips. This funding is same-day financing and the property will close to your end-buyer. You only want to use transaction funds to complete the sale to a traditionally qualified or cash buyer. The buyer's funding is what repays the transactional funds.
Find a REO Property usually through a Real Estate Agent or Banker.Step 2
Transactional funding should take care of the cost, which is closing costs and any secondary closing costs for which you the buyer will be responsible for. You need to know the terms of the transactions; there is usually a 30 day holding period, this may not qualify as transactional funding but it may be able to become a transactional deal.