OfflineDoes anyone know of any attorneys or title companies that will do double closings in the Jacksonville, Florida area? Or how do i go about finding one that understands they are not illegal?
__________________
Seeking overall prosperity in life,
Carlos
I would try look for a Real estate Investors Club/Group that meets once a month. Other investors know the loopholes, resources, and contacts for getting deals completed. They would be able to provide you with this information.
Good Luck
Jordan
"You gain strength, courage, and confidence by every experience in which you stop and look fear in the face. Do the things you think you cannot do. Tough times never last, but tough people do"
Good Luck
Jordan
Hey Jordan.
I am hoping you have found someone that does double closings in the greater Seattle area that we can both use. I just got off the phone with another one that won't do it, and they were recommended by a fellow REAPSter. I'm not getting discouraged but it seems like these guys are all running away from doing these kinds of deals. She said I should try a settlement atty.
If I find one of those I'll let you know.
I have been following up on several leads but so far they either don't understand or are unwilling to do it, either assignments or double closings. I just don't see the problem. What are they so afraid of?
Steve
"Do something you LOVE and you will never work another day in your life."
"Nothing can ever stop you without your permission."
"So long as you haven't quit, then you haven't lost."
If you're referring to a double closing where A (seller) to B (you the investor) to C (buyer) & you want the title company to close the transaction between you & the seller, buy using the buyer's money first, good luck because
it is improper & most title companies & lawyers will not do it ... BUT, you can purchase property by using transactional funding. It would still be A to B
to C but the funding co. is putting up the money(for a fee/points/interest rate) & you must have a buyer in place prior.
it is improper & most title companies & lawyers will not do it ... BUT, you can purchase property by using transactional funding. It would still be A to B
to C but the funding co. is putting up the money(for a fee/points/interest rate) & you must have a buyer in place prior.
I have been intending to use transactional funding but thought it was still called a double closing. OK, so I guess I need to make sure those people I called know what I'm talking about because that would explain why that last one said they wouldn't do it due to the 'liability'. I couldn't figure out what she was talking about.
I just wanted to explain that it would have to happen all in one day back-to-back. That's why I said "double closing".
Thank you Mr. Ceriani sir you may have just caught me making a big mistake and passing by valuable resources.
Much Appreciated
Steve
"Do something you LOVE and you will never work another day in your life."
"Nothing can ever stop you without your permission."
"So long as you haven't quit, then you haven't lost."
You're welcome, just say back to back, whether it's right away, 1 hour later, or even 1 or 2 days later ... there no problem from the title company,
you would just be paying more for the funds if used for a longer period of time.