1) Double closings are no problem as long as the end buyer is bringing in cash. Most title companies deposit end money into an escrow account, pay of 1st seller funds, and then the difference to the middle investor.

2) But the end buyer must bring cash. If you are bringing in a loan, you can not to a double-close.

3) You can however add the end-person onto the purchase agreement… have him get the loan, pay the difference to the first buyer in cash in exchange for the quit claim off the title after closing.

4) The only problem with that is the “fee” has to be paid in cash and if you are wholesaling for 10-20 + thousand difference, then it gets difficult.

5) If the property is being bought hugely under-market then private money for the first closing is the way to go. Then bring in end buyer.

6) Each situation is different … Sometimes you can take a quit claim deed during a short-sale and then sell it to the end person. In such a case it’s best not to use the bank-owned property’s title company for the second closing…

7) You can actually have the second closing at another title company and have them wire the money for the first title company. You really need everyone on board and for them to know what their job is for all of this to happen.

8) An other way is to use an LLC to control the property.

9) There are so many good and legal ways to do things it all just depends on the situation.

And too, the owner in redemption can quit claim their redemption interest to you, even with the sheriffs deed in place. They can not, however, give you a warranty deed; but they can give you their interest in the property via quitting it.

So many ways to do things!

2) You can not cash-out if you purchase the house on a short sale…you have to purchase it and then refi it, or sell it…

3) Be very careful with a contractor’s lien on it…. This can create a worse problem and does create tax issues and fraud…there are better ways to do it.

Most important thing to know is that what ever you are doing needs to be insurable by the title company and have no fraud involved. There are too many ways to do things the right way. If you can’t then you need to concentrate on setting yourself up right so you can.

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