Double close wholesaling reaches the same destination as a standard assignment but takes a different road.
Log in to followNothing clever about this one, it just closed, so here's how it actually went. Seller was an estate, three heirs, wanted done. Contract at 88k. Cash buyer I've sold to twice befor…
Contract at 74k on a 1,400 square foot two story in an older streetcar neighborhood, roof was near end of life and I priced that in. End buyer at 98k, cash, contract signed, fundi…
First and last time I played transactional lender without checking the far end of the chain. Deal came to me from a wholesaler I'd done nothing with before, referred by someone I…
This is my first time actually putting any of the paper stuff I've been reading about for months to work, so push on it. Deal shape: 1970s three bed on a slab, tired but dry, sell…
Cheap end of a farm town, population under 4,000, no lender involved on either side. Contract at 38k, end buyer a local landlord at 52k. 14k spread on paper and I've done enough o…
Duplex, both sides rented, tired but no structural problems. I had it at 129,000 from a landlord who was done. End buyer at 152,000. That 23,000 felt like too much to put in front…
I had a small three bedroom under contract at 91k and a buyer lined up at 118k. I picked a double close over an assignment because 27k looked like a number that would make my buye…
Underwriting is what I do all day, which makes this one embarrassing. A-B at 224k, B-C at 259k, same day double close, cash on both ends. I put 35k in the spread column and built…
First one I got all the way to a settlement date and it died on the closer's desk. Numbers: contract with the seller at 112k, end buyer signed at 131k. Small 3/1 in a working clas…
Small midwest city, 1970s brick six unit, all occupied, seller was an estate winding down. I had it at 214,000 and resold to a local operator at 249,000. Took title and held it se…