Can Brittco fund a flip or a double close in Kansas?
Yes. In Kansas, Brittco funds the purchase in a double close, a fix and flip with rehab draws, and a short-term loan on investment property.
Brittco Capital, Inc. funds the A-B purchase so you can resell in Kansas. Same-day is 1%. A resale within 7 calendar days is 2%. Fix and flip loans and short-term private money are priced with the property.
Which loans are available in Kansas?
In Kansas, three business-purpose loans cover investment property. Transactional funding pays for the purchase in a double close. A fix and flip loan covers the purchase and the rehab. A private money or bridge loan covers a short hold until a sale or a refinance.
Transactional funding ·Fix and flip loans ·Private money and bridge loans
How does a closing get funded in Kansas?
Kansas investment closings are commonly handled by title companies. For a double close, the title company needs both contracts, the wire instructions, and a clear payoff from the B-C resale back to Brittco.
Deeds are generally recorded with the register of deeds in the county. Same-day funding does not require the A-B deed to be indexed before the resale is signed.
What should you confirm about transfer taxes and recording?
Confirm Kansas recording fees and any local charges with the title company. Do not assume the transactional fee is the only cost on the settlement statement.
How does a double close work in Kansas?
A double close in Kansas uses two contracts: the A-B purchase and the B-C resale. Brittco funds the purchase. The closer on the file records the deeds, collects transfer charges, and orders the wires. Set the closing date with that office before you send the request.
What does a worked fee example look like?
On $150,000, the estimated fee is $1,500 for a same-day close (1%) and $3,000 if the resale closes within 7 calendar days (2%). Estimate only, not a quote.
Fee calculator ·How a double close works ·All states
What questions come up about Kansas?
Can Brittco fund a flip or a double close in Kansas?
Yes. In Kansas, Brittco funds the purchase in a double close, a fix and flip with rehab draws, and a short-term loan on investment property. Same-day transactional funding is 1%. A resale within 7 calendar days is 2%. Fix and flip and private money are priced with the file.
Who typically closes in Kansas?
Kansas investment closings are commonly handled by title companies. For a double close, the title company needs both contracts, the wire instructions, and a clear payoff from the B-C resale back to Brittco.
How are deeds recorded in Kansas?
Deeds are generally recorded with the register of deeds in the county. Same-day funding does not require the A-B deed to be indexed before the resale is signed.
What about transfer taxes in Kansas?
Confirm Kansas recording fees and any local charges with the title company. Do not assume the transactional fee is the only cost on the settlement statement.
What is the estimated transactional fee?
On $150,000, the estimated fee is $1,500 for a same-day close (1%) and $3,000 if the resale closes within 7 calendar days (2%). Estimate only, not a quote.
Fund a flip or a double close in Kansas?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.