Process for wholesaling in California? Double Escrow?

[James Ehrig]

Hi all,

I have read many forums and talked with other investors along with interviewed a few title companies about this subject and everyone has a different answer.

For some reason everyone one has a slightly different vocabulary for certain processes in wholesaling. For instance: double escrow, simultaneous close, double close, ect. Due to the above mentioned, it makes it extremely challenging to communicate with investors, title companies and even here on the forums.

The process in which I am specifically referring to is this:

I want to wholesale a deal, but I do not want my commission on neither the buy side transaction (A to B), nor the sell side transaction (B to C) to be disclosed. Through past experiences, in other aspects of my life, I have noticed that individuals can be extremely happy with a deal but they often have a change of heart when they discover how much commission I make off the deal.

I have a few questions with the process:

Is there a simply way to do this in California, and is it legal? (without a transactional lender to front the money for three days and possibly leave me out to dry if my buyer on my B to C transaction backs out.)

What is the exact term that would encompass this transaction?

How do I carefully explain to a title company what is taking place and what is the best and proper verbiage to use with the title company in-order for them to Not tell me that this type of transaction is illegal?

I know in other states there are closing attorneys and things that make this process easier but in California I am having a hard time.

I appreciate and welcome all responses.

Thanks

James