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Updated over 3 years ago,
Wholesaling double escrow Question
I'm a beginner wholesaler in Ohio and my attorney said that in order to do an assignment I need funds to close on the property initially then if I want I can assign the contract to an end buyer. I'm just starting so I don't have Funds available. So instead of doing an assignment could I do a dry double escrow Closing where the end buyer will bring funds to close both AB and CB transactions?
Do I have to bring wet Funds to close the AB transaction or can the buyer fund both transactions?