Question about back to back or simultaneous closing

[Mike F.]

hey guys,

I am getting ready to do a double closing on a SF home that will be a cash deal for both parties involved.

I had a lady contact me to find her a specific property she wanted at a specific price so I went out and located one that fit her requirements. I negotiated the price 15k lower than the asking price and I now plan on reselling the property to my end buyer for a small profit. Here is my question.

I will be doing a back to back closing through the same title company for both transactions (AB and BC) both cash sells so it should be fairly painless. My issue is that I don't want to buy the property for cash and then have my end buyer change her mind and back out leaving me with an unwanted property and no cash.

There will be contracts involved for both parties but what specifically should I do to protect myself so that I don't end up getting stuck in the mud. If there are specific things I can do or a certain way I can arrange the deal so that I am protected I would love to hear about it. Anyone with experience or insight on this feel free to reply.

Thanks for taking the time to read this, I look forward to hearing some feedback!