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2 contributions to Wholesaling Startup Club
From Mentally Overwhelmed to Breakthrough on a Same Day EMD request!
Through taking action, I learned that to really overcome overwhelming feelings I needed to SIMPLIFY everything - my conversations, my processes, my systems, everything. I have been fortunate to partner with others to learn how to be successful while taking action alongside them. ๐Ÿ‘‡Here is an example of what Iโ€™ve learned and how Iโ€™m applying it to my business: As a Transactional Funder, I fund EMD, Double Closes, and down payments for Stack Method opportunities. I received a last minute EMD funding request for same day funding on one of the busiest days of the year for closing transactions - ๐ญ๐ก๐ž ๐๐š๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐“๐ก๐š๐ง๐ค๐ฌ๐ ๐ข๐ฏ๐ข๐ง๐  - talk about overwhelming! Did I fund this request?? ๐Ÿšจ Spoiler alert! - ๐—œ ๐—ฑ๐—ถ๐—ฑ, but hereโ€™s how I was able to accomplish this while under pressure. ๐Ÿ‘‰ Asking questions - to fully understand the scope of the borrowerโ€™s needs and where they are at in their real estate journey. ๐Ÿ‘‰ Communicating clearly, calmly, and consistently. - This was a high stress experience for the borrower. They needed to get funding TODAY and STAT or they would love this awesome opportunity! Being frustrated or annoyed doesnโ€™t solve anything and being able to help calm the situation to better accomplish the goal is always a priority. ๐Ÿ‘‰ Having clear and simplified steps for the client to follow - I understood my process like the back of my hand and was able to communicate this simply to the borrower. We followed my proven process and we were able to fund this deal within a couple of hours!๐Ÿ™Œ The borrower was brand new to the real estate world. It was their first acquisition and they thought asking for money was as simple as sending me the wiring instructions.๐Ÿ˜… Funding this deal the same day as requested the day before Thanksgiving was INSANE but this really proved that 1.) knowing your processes, 2.) sticking to them, 3.) having the systems in place to following through on them, and 4.) having the peace of mind everything checked out to fund confidently and safely was possible!! ๐Ÿ™Œ
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From Mentally Overwhelmed to Breakthrough on a Same Day EMD request!
๐ŸšจNew Maryland Wholesale Law passed
๐ŸšจPSA - There is a new law in Maryland effective October 1, 2025 that directly targets wholesaling via contract assignments. (SB 160/ HB 124)๐Ÿšจ Key points: ๐Ÿ‘‰A โ€œwholesalerโ€ must disclose in writing to the seller and to the end purchaser that the contract is being assigned (i.e. the wholesaler holds an equitable interest rather than outright ownership) and may not be able to convey title directly. ๐Ÿ‘‰If that disclosure is not given, the seller or the end buyer may rescind the contract (terminate) without penalty prior to settlement, and the deposit must be refunded. ๐Ÿ‘‰The law applies prospectively (i.e. to contract assignments following its effective date) not retroactively. So the legislature is making sure thereโ€™s transparency: that the parties understand the wholesaler is not the โ€œreal buyerโ€ in the traditional sense, and exposing the risk of rescission if the wholesaler fails to disclose. Assignment-based wholesaling is still allowed, but now has stronger disclosure and rescission risk. โ“So, should wholesalers Double Close every deal now? No, not always. But yes - wholesalers should lean into double closings more often than before, especially on deals where: ๐Ÿ‘‰The margin is tight, and you canโ€™t afford a rescission event. ๐Ÿ‘‰The buyer is resistance to assignment risk. ๐Ÿ‘‰The deal has complex title or other risk that warrants more control. Wholesalers should keep assignment deals in their toolbox โ€” but treat them as higher risk post-SB 160 unless theyโ€™re executed perfectly. Over time, double closings may become standard in Maryland for higher-end or riskier wholesale deals. โญ๏ธ Partnering with a reliable Transactional Funder will ensure speed, consistency, and the financial backing necessary for success when leveraging the Double Close strategy. Iโ€™ll handle the funding, so you can focus on pursuing more opportunities! โ“Would you like to leverage the Double Close strategy on your next deal? Or know someone that would benefit using this strategy and will need transactional funds to get their deal across the finish line smoothly?
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๐ŸšจNew Maryland Wholesale Law passed
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Mandy Cartagena
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4points to level up
@mandycartagena
Transactional Funder. I fund Double Closes, Stack Methods (Seller Carry-back), and EMD. Let's connect & collaborate!

Active 31m ago
Joined Aug 9, 2025
Northern Virginia