Double Escrow Question

[David Littleton]

I've been calling attorneys and a few of them have said when you do a double close i have to bring cash to the table as well as the end cash buyer.

So if the property is 50k and I'm flipping it for 60, I would have to bring 50 to closing and the cash buyer would bring 60 and I would walk away with 60k (including the 50k I brought)

Is that correct or should i keep looking for attorneys?