Here is a stepbystep guide to double closing a real estate deal If youre a wholesaler looking for quick funds for double closing look no further than DoubleClosecom We provide the best transactional funding for over and under 1 million and there are no fees if the deal doesnt close Vi ID: 1023260
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HOW TO DOUBLE CLOSE A REAL ESTATE DEAL What Is Double Closing in Real Estate? A double close is a real estate wholesaling strategy that involves two transactions on the same day. One transaction occurs between the seller and the wholesaler, and the second is between the wholesaler and the end buyer. The Different Parties Involved in the Transaction Home Seller (A) Wholesaler (B) End buyer (C) Open Escrow Prepare the purchase and sale agreement. Send the documents to the closing attorney. Let them know you ’ re double closing. Find the End Buyer Once the buyer is ready, make sure they wire their funds to escrow. Transfer of Ownership From A to B The title company confirms the fund transfer. The title check is done. The seller transfers ownership to the wholesaler. Transfer of Ownership from B to C The same process will be repeated between B and C on the same day within a few hours. Funds Dispersed The seller (A) gets paid. The wholesaler (B) makes profits from the difference in amount. The end buyer (C) gets the property. Are you a real estate wholesaler looking for quick funds to double close a deal? Reach out to DoubleClose.com We provide transactional funding for over and under $ 1 million Visit www.doubleclose.com To learn more