Posted by dewCO on October 25, 2000 at 22:56:27:
See the post 7 posts down about double closings.
You don’t double close if you are rehabbing–you hold and rehab then sell. Only double close if flipping, which implies immediately/at the same time as “buying”.
Can I do a double closing when flipping? - Posted by Jim C
Posted by Jim C on October 25, 2000 at 12:47:26:
When you do a double closing (when you close from the seller and then soon after close from the buyer, I think that is a double closing anyway) how would you do that when flipping? Shouldn’t you wait until the house is yours before you start rehabbing? I would like to try a double closing to save on holding costs, but is it possible to pull that off when you are flipping properties? Thanks a lot!