I'm in the process of buying bulk REO's in Baltimore and wholesaling them, but I was curious about something. I wanted to know if you can double close with more than one buyer.
I buy 10 REO's and put them all under 10REO, LLC.
Is it possible for me to double close with 2 buyers where I sell 6 properties to one (60% shares) and 4 properties to another?
How would that work?
Or what is the best approach for this kind of transaction?
Some questions on your double close. Will it be a dry double close or wet double close?
I'll be using transactional funds so it'll be a wet DC