One of the bedrooms was mine but I wasn't staying there because I was working out of town.

If you did a double close then whatever your purchase price was, is your purchase price on record.

Cali or not that's way to much for a double and quad.

Everywhere else I have read mentions using an LLC and assigning the contract or doing a double close.What are the advantages and disadvantages of each?

All kidding aside someone was about to tell you that there's about a million posts directly below yours that explain wholesaling and that it would have been less effort to read them (or just one of them) than to ask a question like that in a new post.Since we're on the subject, wholesaling is getting a property under contract and then flipping the paper, either through an assignment or a double closing to a cash buyer.

This is down from 60,000 in 2006 but double the prior year.

My girl friend at the time (now my wife of 12 years) and I borrowed money from family and bought a 3 bedroom fixer.

And if you fall for the "starter home, move up home, mini-mansion" strategy, transaction costs will kill you.

Might need to add some extra footage for the right feel on the master bedroom/bath combo.

Quick way to double capital for those great buy/holds that can kill your liquid.