Exit Strategy

[Sean Williams]

Hi everyone,

I have a quick question that was brought up to me by my closing attorney.

Let's say that I put a house under contract with a seller. Then I find an investor to purchase that property from me. I want to do a double closing to avoid my profit being revealed. 

Let's say I go in the morning to do the purchase either using my money or transaction funding.

The seller has our money is gone, now I own the property. What if my end buyer never shows up or 

backs out ? My main concern is how are we protected ( myself and my lender ) in this situation.

Any clauses that can be inserted ? What protects us in this situation.

Just trying to prepare because I get my first contract signed today.

Thanks

Sean