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Updated over 1 year ago,
Foreign wholesalers - how do you double close? FIRPTA
Hi everyone,
New to wholesaling/real estate investing
I'm wondering how foreign wholesalers double close in case needed? I'm talking specifically about FIRPTA
Not sure if I can even use transactional funding for double closing as the title will hold 15% from the purchase price if I understand FIRPTA correctly, that mean I won't be able to return the loan immediately?
Would appreciate any advice