Updated almost 8 years ago on . Most recent reply
End Buyer in Wholesale Deals
Hey guys! So I'm looking to do my first wholesale deal and one question I had about the closing. I'm going to be primarily focused on double closings for my deals to stay out of trouble and not have any issues with the title companies. My question pertains to my end buyer. Let's say I get 2k non refundable deposit as part of my end profit with the deal from my end buyer. But then, for some reason, they don't show at closing and I'm stuck with the property and title. Is this unrealistic to assume could happen due to the amount they put down? Has anyone ever had this happen? I don't see how I can put any clause in any documents to prevent this due to it being a double closing and neither (A) original seller or (C) end buyer would know about each other. Some advice would be great! Thanks!