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The art of wholesaling - Part 3
In this article, I will go over the actual structuring of wholesaling a property to another investor.  There are basically 2 different ways to structure this type of transaction.  One way is to assign the contract to the buyer, and the other way is to do a double closing a/k/a a simultaneous closing. How I structure this for the most-part depends on the amount of my profit. 
If my assignment fee is more than $10,000, I like to do a double closing.  The main reason for this is because the other parties often get greedy.  If the seller sees an assignment fee of $15,000, they might just balk at the deal because they feel they are getting short changed.  I have had sellers actually refuse to close and try to renegotiate with me at the last minute.  The same goes for buyers.  If they see I am making a giant profit, they might try and go behind my back or backout of the deal entirely solely because they don't like seeing my profit being so big.  With a double closing, neither party gets to see the price that the other party is getting for the property.  However with a double closing, I ... more

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