Im stumped...lol and I am trying to wrap my brain around this. Flash funding companys will deposit the money at the title company ONLY if the end buyer is closing there also. How do you talk all partys into using one title company? What if your endbuyer lives out of state? What if you are wholesaling another wholesaler? How can or does this work? Any suggestions? Please help...
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Regina
RLK Investments LLC
Good questions.
When you are doing these type of transactions it is not an ask them to it is here is where we are closing.
If a closer is out of state title / closing companies can work through fax.
It is best not to work with other wholesalers most of the time. There are of course exceptions to the rule but most find that double assigning properties puts kinks into the closings.
Double closings / flash funding works when the buyer "C" has their money in escrow to close. The funding source for the transaction "A-B" will put their money in escrow but will have closing requirements that says they will not fund until "C's" money is in escrow.
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