Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

2
Posts
0
Votes
Daniel Allen
  • Investor
  • Huntsville AL
0
Votes |
2
Posts

Double Closing- End buyer has conventional loan

Daniel Allen
  • Investor
  • Huntsville AL
Posted

Hi, I am new to wholesaling and investing in general. I have a property under contract to buy and I've already found an end buyer, and have them under contract to sell. I'm using transactional funding to initially buy the house and then plan to do a double close and sell the house to my end buyer who has a conventional loan. I have read a few different opinions on this method. Some say its fine, and others say I may run into problems with the bank on the final sale. 

The end buyer has used this lender before on previous homes, and he has already put 20% down for this transaction. 

Any reassurance or advice is appreciated. Thanks!

Most Popular Reply

User Stats

6
Posts
1
Votes
Replied

@Jesse LeBlanc Thanks for the response and all the information Jesse!

Loading replies...