How are you going to buy and sell a property on the same day? That is a question many new investors will run into. In truth there are a few ways to go about doing it…
Double Close
Simultaneous Close
Assignment (not really buying and selling, more like selling the right to buy)
In this Audio Article by Eric Medemar he goes through the process of double closing and many of the reasons why you might want to go that route. Have a listen…
[audio:http://strugglinginvestor.com/wp-content/audio/doubleclosings.mp3]
Scott is a part time wholesaler, but full time real estate investing addict! As his family grows and his free time shrinks,He has been slowing building his wholesaling business over the past 7 years in between life events.Drive, dedication and never giving up are his strengths.
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Comments 11
Thx – that is easy enuf for all to follow, but who will do this type of closing..?
Thx – that is easy enuf for all to follow, but who will do this type of closing..?
Thx – that is easy enuf for all to follow, but the trick is finding the closing attny to do it!
You are correct Phil. The best way to go is get a referral from another local investor. Going to your REIA meetings is a good place to start. Also post a question on flippinghomes.com or reiclub.com forums and I’m sure someone works in your area and can recommend a title company or attorney.
Thx – that is easy enuf for all to follow, but the trick is finding the closing attny to do it!
Author
You are correct Phil. The best way to go is get a referral from another local investor. Going to your REIA meetings is a good place to start. Also post a question on flippinghomes.com or reiclub.com forums and I’m sure someone works in your area and can recommend a title company or attorney.
Hi Scott!
Do you have Eric Medemar's course and if so, what did you think about it?
Hope you guys had a wonderful Halloween!
Thanks, Vannie
Hi Vannie,
I currently do not have Eric Medemar's course. I have purchased Steve Cook's course and it is with out a doubt worth every penny.
Thanks for posting a comment and hope you had a happy Halloween as well.
Hi Vannie,
I currently do not have Eric Medemar's course. I have purchased Steve Cook's course and it is with out a doubt worth every penny.
Thanks for posting a comment and hope you had a happy Halloween as well.
http://www.youtube.com/watch?v=Fr-ueH_mzA4
Double closing can be executed easily with assistance of the title company. So finding a good ttile company is the key. Happy Investing.