double closing legal, how much below market value can you buy

[Herwig Schoeffler]

Hello.
So I am not a US citizen and have bought a LLC from other persons that gives me more questions than it should.

Basically it works like this:
- you get a list from an online broker / data service

- you filter this list and go mostly for vacant land

- then you write the people on the filtered list that you want to buy from them but you do not actually buy but just take an option to buy and you try this for only 15-50% of the market value (is this even legal?)

- after this you search someone that would want to buy it too and gives you like 80-90% of the market value.

- you go for a double escrow (double closing) with a tidle company.

Now I ve read that only few tidle companies are willing to do the double closing. Is that correct and why?

I ve also read that double closings might be illegal. Is that correct and in which states? Why? Do politics forbid that in the nearby future? Anything known about this? This website here says that its legal
https://realestatewealthnetwor...

I ve also read that you actually have to pay the money for the double closing. so you cant take the end buyers money to do so. Is that correct? In which cases or states?

Thanks for your informations. They might be elementary to help me making a good decicion wheter or not I can run a business.