How do you double close a wholesale deal? I really need some help with this because I’m gonna jump head first into wholesaling and take major action, but I’m stuck on this one question?
@La'Terrius Campbell If this is your biggest obstacle then its time for you to get started lol. A double close is typically done in a situation where the wholesaler is making a fee large enough that their buyer might object to it. The wholesaler uses their own cash or transactional funding (someone elses cash) to fund their purchase from the seller and then 20 minutes later they sell the property to an end buyer. Double closings mean the wholesaler is paying the closing costs when they buy the house from the seller, so ai dont suggest doing it unless you are making a big enough fee to pay the closing costs and the cost of the transactional funds (using other peoples money is never free) and still put a sizable amount of money in your pocket.
If you need transactional funding, I have a great lender I can recommend.
@Lydia T. Thanks for the comment! That helped a lot! I would love to know about the lender you use.
@Lydia T. I would also like more information on the lender you use. Please DM me, thanks!