Double Close information

[Danny Offei]

I recently completed my first wholesale. Honestly it was more luck and right place, right time then anything else. Either way I'm diving into wholesaling head first and have been coming across some pretty good deals using REO searches in my area.

I've been told the only way to wholesale an REO is with a double close, but I'm not too sure how that exactly works. Is it a situation where once I close with the title company I just sell the property to an interested buyer same day using a different title company? If so I'm guessing this takes a lot of pre-planning and schedule verification.

If anyone has experience with Double Closing please help!!