Double closes!

Bird Dogs, Wholesaling
1

I have heard many different opinions on this, but is there anything wrong with double closing when you:

Sign a contract on a house, at ex. 200,000 and then sell it to end buyer at 250,000 at closing.
You wouldn’t get a loan yourself, but the end buyer would get a loan pay off the 1st contract, and you make your 50k? Any opinions are appreciated.

2

I have the same question. I understand that each state has their own regulations regarding double closes. Does any one know the rule in New Mexico?

3

All you have to do is call your local title agency they will tell you.