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Hey Moguls, Cody Sperber here.
Ahhh, the double close dilemma…
You know, many of my students over the years have been confused about the legality of various aspects of wholesaling houses - including whether or not double closes and assignments are legal. And that confusion has seemed to result in a lot of people asking the question about them... so I want to deal with that and face it head on in today’s lesson.
After this informative lesson, you’ll not only understand these methods, but you’ll be fully prepared to power through a double close transaction, specifically, without breaking a panicked sweat.
What the Heck is a Double Close, Anyway?
Some of you may be wondering what exactly a double close is, which is totally legit. So let’s define it, shall we?
The double close method is simply two transactions that are closed nearly at the very same time – back to back – on the same day. It’s typically referred…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.