This is simple. A one to three day, back-to-back real estate transaction funding involves 3 parties and 2 stand alone closings:
“A” – Seller
“B” – WHOLESALER (You)
“C” – End Buyer
“A” sells to “B” (AB Closing) and “B” sells to “C” (BC Closing)
On the same closing day, you sell the same property to End Buyer “C”. These two transactions, or closings must take place on the same day (certain exceptions apply due to state regulations) and use the same title company or closing agent. The “C” End buyer’s funds must already be in escrow when AB closing takes place.
The only way this can occur is for the AB and BC closings to be funded separately. Title companies are not permitted to participate in simultaneous closings funded by one party. Both AB and BC closings must be able to stand on their own as individual closings with separate funds.
Let United Choice Capital offer you ease of mind and prompt monetary solutions for your back–to–back real estate funding needs.