What is legal?

[Leyla Simsek]

Hello, I've been searching for answers all morning, and been receiving different answers. From my understanding: Assigning contracts - I can only sell a property to a buyer for the same price I bought it; my profit is in the assignment fee. It is illegal to sell the property to a buyer for more than I purchased it for. Double closing: I am using some sort of short term funding to purchase a property from a seller. I then sell it to a buyer, consequently. Is it legal to buy a house for $50k and sell it for $65k in a double close? If anyone could correct any misunderstandings, thank you.