Double Escrow Anyone?

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Good morning all,

Let's talk about Double Escrows. In short, a Double Escrow is when an investor negotiates a purchase price on a property for nothing less than 20% of the asking price. Once you have a signed Purchase Agreement for this price you then market the property to retail buyers for full value. Let's look at an example:

Value of Property: $230,000
Asking Price: $200,000
Negotiated Purchase Price: $160,000
Retail Price: $230,000 (retail buyer will pay)
Profit: $70,000

The key to the Double Escrow is that you must have the same closing date for your purchase of the property and your selling the property; therefore, you do not need any money to actually buy the property; your end-buyer pays for it, and the balance is yours.

So with that said.....what have been some of your experiences with Double Escrow? If you have to close within 30-45 days, what is the fastest way to go about finding a retail buyer willing to purchase your property?

Look forward to hearing your responses!!