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Updated over 6 years ago,

User Stats

30
Posts
9
Votes
Jonne Washington
  • Detroit, MI
9
Votes |
30
Posts

Assignment contracts vs double closing

Jonne Washington
  • Detroit, MI
Posted
Hello, I have a question that I need classify on. Can someone explain the difference to mean in wholesaling with a double closing versus an assignment. I’m under the impression that I’m a double closing that you would need funds upfront to cover the cost of buying the property from the seller then going back to the end buyer and finishing that contract and that’s where you would make your profit. As with an assignment you, seller and buyer basically close altogether during the closing process. I just want to know the difference and whether one is better than the other?