How do you keep an abnormally large profit in a Wholesale assignment from your buyer?
I was told by several people in the business that when doing a wholesale assignment deal where I stand to make a larger than normal profit, it is best not to disclose exactly how much I'm actually making. I was likewise told that a 'double-close' would better help me accomplish this as it would keep my buyer away from the line on the A-B HUD-1 that shows my actual profits.
However I was told by my mentor to always give a copy of the original A-B contract to my buyer. My question is, "how would giving them a copy of the original A-B contract not expose my original A-B purchasing price? I wanted to hear what you guys thought about this before I received my mentors explanation. Thanks Reggie...