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Updated almost 5 years ago, 01/11/2020

User Stats

58
Posts
13
Votes
Kenny Lewis
  • Real Estate Agent
  • Roseville, CA
13
Votes |
58
Posts

Double Closing...step by step...help

Kenny Lewis
  • Real Estate Agent
  • Roseville, CA
Posted

Hello BP,

I am educating myself to become a wholesaler. I know the basics of it but I would like to know a more step by step explanation on double closing. What all is needed from start to finish. I get the basic premise of A-B then B-C...but I want to know exact steps that actually happen with a double close. How much out of pocket costs? Do I need proof of funds in order to close with seller? Will I have to purchase title insurance even though ill have the title for 5 mins. Can I use the end buyers money to fund closing? Whats the process with escrow and deposits? I know the title company manages the escrow and paperwork but I want to ready myself for what actually happens step by step.

so,

How do I close with seller?

How do i then close with end buyer?

Can i close with end buyer first then use those funds to close with seller?

step by step process...thank you

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