"Double Wrap"?

[Chris T.]

I have a lady, Inga, wanting to sell her property for $80,000 that is worth $100k to $110k. (she put $30,000 into the rehab and has a $50,000 home equity loan)

I have another lady, Gertrude, wanting to know if I would sell her a home and have me carry the note. She can borrow against her 401k for the down payment.

If Inga wanted to carry a note for me could I then sell it to Gertrude by offering owner financing "wrap" and then DOUBLE CLOSE?

If so, then how would I engineer the contracts?

Also, if I double close, can my closing costs come out of Gertrude's down payment?