How can real estate investors legally and efficiently flip houses with a double closing in today’s market?
Those new to wholesaling houses often find the concept of a double closing to be confusing, and their initial feedback from industry professionals is usually met with disapproval. This is often a result of the DIY approach to real estate education. Failing to recognize changes in trends, regulations and terminology compounds existing complications.
Realtors, real estate attorneys and title companies have really become far more careful about who they deal with and the real estate transactions they get involved in. Most don’t want to get anywhere near anything that could in anyway way appear to be fraudulent, or could become illegal in the near future.
However, there is still a correct and legal way to wholesale homes ethically and do it with a double closing. Familiarize yourself with the following house flipping tip:
There are a few alternatives, but the most straight forward for many is the A to B, B to C flip. This means a fully funded A to B transaction, with you as the investor being the ‘B’ party. The property is then sold in a separate and again fully funded closing from B to C (the end buyer).
There are many benefits of back to back closings like this and lining up your end buyer before you close. This includes shorter cash flow cycle, total annual returns, no holding costs, eliminating liability, and guaranteed profits. So find yourself an investor friendly title company and begin wholesaling homes.
