Hello gang,
I was hoping to get some advice on a deal im working on in texas. I currently have a contract signed for a property at $100K. I found a buyer to purchase property at $150K. This buyer is not a investor but a typical buyer that will be bringing traditional financing. What would be the best way to close this deal without having the end buyers lender notice that my company is not on the tiltle. I was thinking maybe using transactional funding to fund B to A and then turn around and Do C to B. THis process would be a bit more complicated as ill have to find a title company that is experienced in doing a double closing. If anyone has experience in doing this kind of deal please let me know what the best ooption would be.
Thanks
Rob
No point in doing a double closing unless you don’t want the buyer to know what you are making.
Well I really would not like for buyer to see what im making. Also, they are bringing traditional funding(bank of america). The bank will notice that my company as seller is not the same name on title( selelr im purchasing from is on title)
I would bring transitional Funding if you have any question about the End buyers Funding.
It may cost you some money, but it will not cost the Deal going bad.
$2,100. less profit, Verses no profit…javascript:replaceText(‘%20:banghead’,%20document.forms.postmodify.message);