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Updated almost 15 years ago on . Most recent reply

User Stats

47
Posts
2
Votes
David Sirmons
  • Real Estate Investor
  • Gainesville
2
Votes |
47
Posts

REO dbl close/Quit claim deed and payment.

David Sirmons
  • Real Estate Investor
  • Gainesville
Posted

There's a chance I may be able to avoid using a trans funding company for wholesaling an REO I have a contract on. I was looking at having to do a double close, with trans funding for A to B, which will eat into the profit. However, if I go the route of adding a 2nd buyer, then sign a quit claim deed, I need to know where or how I secure the profit for the higher buying price on the B to C side.

If you have experience with this, please let me know.

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