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Updated almost 13 years ago,

User Stats

163
Posts
8
Votes
Lokesh W.
  • Milwaukee, WI
8
Votes |
163
Posts

Large Multi-units Wholesale: Using Buyer's Funds to Close?

Lokesh W.
  • Milwaukee, WI
Posted

I have buyer for a multi-unit who will pay cash for properties with a limit of $3MM. Other than double closing, is there any way, I can close using his funds. For larger amounts, even double closing itself can cost a lot.

I have heard about opening an escrow with one company (company-A) and closing with another title company (company-B). During closing with company – B, we request funds from our escrow at company-A. Has anyone done this before? Are there any articles anywhere regarding this?

Any suggestions are greatly appreciated.

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