if you check the other forums, I'm sure someone else detailed it more, but a doube closing is nothing more than you closing on a property and taking ownership, and then within a few hours selling that property to another buyer.
so, double closing is different from assigning. Double closing you actually buy the property then sell to another buyer. Where assigning you may have hand money but youtake possession with the right to assign and then assign to a buyer, correct?
When you assign a contract, you don't have to actually take possession. All you do is negotiate a deal and then sell the contract ,with the deal you have negotiated with the seller, to your buyer.
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if you check the other forums, I'm sure someone else detailed it more, but a doube closing is nothing more than you closing on a property and taking ownership, and then within a few hours selling that property to another buyer.
My Journal- http://www.deangraziosi.com/real-estate-forums/investing-journals/86100/...
so, double closing is different from assigning. Double closing you actually buy the property then sell to another buyer. Where assigning you may have hand money but youtake possession with the right to assign and then assign to a buyer, correct?
When you assign a contract, you don't have to actually take possession. All you do is negotiate a deal and then sell the contract ,with the deal you have negotiated with the seller, to your buyer.
My Journal- http://www.deangraziosi.com/real-estate-forums/investing-journals/86100/...