Thanks for the reply.
But I would do the double closings, that way the end buyer doesn’t see what I paid for the property.
Example
Asking $3,000,000
Is that the best you can do?
No $2,200,000 is the best he can do
There is $800,000 wacked off the price
I sell to end buyer for $2,450,000 (I added $250,000)
Now the seller doesn’t get mad because he could have sold it for more.
And the end buyer doesn’t get mad thinking he could have got it for less.
So I would pay for the double closings through transactional funding.
1- I have a contract from Seller “A”, to Me “B”.
But End Buyer “C” sees that I am not on the title, (He did his due diligence) how do you deal with the End Buyer regarding me not being on title?
2- How do you prevent an End Buyer who attempts to “go around” on your deals, with multi unit apartments?
3- Seller is in another state, and End Buyer is in yet another state, since the Double Closing has to take place and close in the same Title/Escrow/Attorney, how do you deal with it so everything goes smoothly, and every one gets paid?
Without knowing the details of how you set the deal up, my suggestion would be an assignment of the contract for a fee.
An assignment avoids the double closing, usually saves on transaction costs (depending on state regs for recording fees), and makes the title company much happier because it eliminates the need for a gap policy.
Have your attorney prepare an assignment from you to the end-buyer that specifies the fee, terms and conditions of the assignment, including a release of all obligations under the contract. You and the buyer execute the assignment, fee is paid, then the end-buyer proceeds to closing the original contract.