Updated over 9 years ago on . Most recent reply
Closing Wholesale Deals
How are the veteran wholesalers closing deals.
Assignments?
Double closing?
The reason I'm asking is I'm not comfortable with my seller answer my buyer knowing what I'm making on the deal and my title company doesn't want to provide blind HUDS. They want to disclose to all parties. They won't double close either. They require I use my cash or transactual funding and then my buyer come in and bring thier cash. I use Stewart Title to close all my new construction deals but they won't do my wholesale deals. They say what I'm doing is a flip and against the rules. I explain it's an all cash deal and Fannie or Freddy rules don't apply and also can't tell how I can or can't make money.
I would like to hear how everyone else is addressing thier closing issues