Is wholesaling really legit?

[Ricardo Salter]

The reason I ask this question is because I've called several title companies and asked if they do assignments, double or back to back closings and they all responded as if it was illegal or something.

My question: Is their a new way wholesalers are closing their deals?

Or is it that I just haven't talked to the right title company yet?

And if a wholesaler in the South Florida market could point me in the right direction it would be greatly appreciated.

[Jeff Rabinowitz]

Assigning contracts is legal. It can be problematic doing a double closing if the seller wishes to use the end buyer's funds towards the first purchase. Transactional funding can solve that issue but it will add an expense (probably ~2%).