Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 23 days ago, 11/28/2024

User Stats

5
Posts
1
Votes
Jahl Brown
  • Real Estate Agent
1
Votes |
5
Posts

Double Closing in NJ

Jahl Brown
  • Real Estate Agent
Posted

Hello BP Community,

I have been a BP lurker for many years and after falling out of love with retail real estate- I am oh so READY to get into investing (my first true love). I have a question regarding double closing deals in NJ. I want to keep away from any short cuts , I am not looking to take large cuts from sellers (I’m a true agent at heart and looking to serve my clients) . Although , double closing is more expensive , I feel it’s a little more legitimate than assigning. I don’t care to hide my fee as I will be very transparent.
Has anyone double closed in NJ?
How did you incorporate the funding fee PLUS the closing costs? Am I wrong about the legitimacy of assigning vs double closing? Do I need to bring my own funds in any way?
Any advice/input/experience would be helpful.