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Updated about 3 years ago, 10/14/2021

User Stats

35
Posts
14
Votes
Bryan Igboke
  • New to Real Estate
  • Long Beach, CA
14
Votes |
35
Posts

Double Closing: Transactional Funds

Bryan Igboke
  • New to Real Estate
  • Long Beach, CA
Posted

Hey BP,

I'm a little new to wholesaling and just start learning the ropes. My question is specifically about double closing.

I've been reading that when you double close the end buyer can cover closing costs from the first and second close if it is structured / closed correctly by a knowledgeable attorney title company or attorney, thus bypassing the need for transactional funds. Is this true? How common is this?


Thanks

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