How Luis Mastered Assignments and Double Closings on Land Deals

Today we’re talking with a land flipper named Luis, who sells most of his properties through double closings and assignments . (Show Notes: REtipster.com/98 ) This is where an investor lines up both the original owner and the end buyer to close on the same day, a few hours apart. For example, let’s say Luis found a motivated seller willing to sell their property for $5,000. Luis will sign a purchase agreement with this motivated seller, locking in the sale price. Then he’ll go market the property for sale, at say $15,000… before he even buys it from the original owner. Once he has someone interested in purchasing it at $15,000, he will schedule the closing for both transactions to occur on the same day , making the $10,000 difference between the original transaction and the final transaction. This is how a double closing works - and the powerful thing about it is Luis is able to scale his land business very quickly because he is not using any of his own capital to acquire his inventory. This is a very common strategy among house wholesalers , but it’s not as common among land investors… and it might be a way for people with limited funds to scale their business quickly. So needless to say, we’re excited to have Luis on the show to discuss exactly how he does this in his land business! 📊 Manage Land Deals Like a Pro with Stride CRM Built for Land Investors! Organize leads, track deals, and close faster 🔎 Land Portal: The Data Edge Every Land Investor Needs Get the Data You Need to Find Deals & Make Smarter Land Buys 🙋🏻‍♂️ Get the REtipster Newsletter (It's FREE)! Stay updated with top real estate investing insights and strategies 🚀 Land Investor’s Action Plan (Free 5-Day Course!) Solve the 5 mistakes that keep investors stuck ⚠️ Land Buyer’s Survival Guide (Free 5-Day Course!) Avoid the 21 most deadly land-buying blunders 👉 10X Your Income from Land Investing Learn how to start and supercharge your land investing business ...