Double Closing in NJ
Hello BP Community,
I have been a BP lurker for many years and after falling out of love with retail real estate- I am oh so READY to get into investing (my first true love). I have a question regarding double closing deals in NJ. I want to keep away from any short cuts , I am not looking to take large cuts from sellers (I’m a true agent at heart and looking to serve my clients) . Although , double closing is more expensive , I feel it’s a little more legitimate than assigning. I don’t care to hide my fee as I will be very transparent.
Has anyone double closed in NJ?
How did you incorporate the funding fee PLUS the closing costs? Am I wrong about the legitimacy of assigning vs double closing? Do I need to bring my own funds in any way?
Any advice/input/experiece would be amazingly helpful.
.