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Updated over 7 years ago on . Most recent reply
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Double Close/Transaccional Funding in Houston, TX
I trust someone can help me with this. I'm a new RE in Houston, Tx.
Starting out I intend to wholesale deals to build up capital in order to do some fix & flips, and fix & holds.
My plan is to located discounted properties put them under contract and use a transaccional funding company to purchase property from the seller then assign the contract to another investor and do a double close and cash out during closing.
I cant seem to find a title company willing to do these types of transactions because of the title insurance issue.
Are there any wholesalers in Houston who are doing these types of transactions if so you can please point me in the direction of a title company that can help me. Or if I am going about this the wrong way please educate me I'm very open minded and willing to learn.
Thank you all in advance for any information that can help.