Posted by Doone on April 07, 2000 at 13:40:48:
Double close: investor does not know how much you paid, therefore, does not know how much you’re making on the flip. $5,000 is a big profit on a house you pay $14,000 for.
Assign: Less overhead (atty. etc.)
Double closing: the overhead
Assigning: investor may not like how much money you’re making and be weary of doing business with you.
I’ve heard a lot of times that people that flip/assign put a price/% limit on assigning. Like $3,000 or 6%.
My 2 cents.