As i mentioned earlier, it will be very time-consuming if you are not squaring both sides. Let's walk through this method if you wish to,
|x+1| = 2|x-1|
As absolute values take +ve and -ve, both LHS and RHS will have 2 scenarios. So, you have totally 4 scenarios [2-LHS, 2-RHS]
(i) -(x+1) = 2(x-1) [LHS -ve, RHS +ve]
-x-1=2x-2
3x=1
x=1/3
(ii) x+1 = 2(x-1) [LHS +ve, RHS +ve]
x+1=2x-2
x=3
(iii) x+1 = 2*-(x-1) [LHS +ve, RHS -ve]
x+1=2*(-x+1)
x+1=-2x+2
3x=1
x=1/3
(iv) -(x+1) = 2*-(x-1) [LHS -ve, RHS -ve]
-x-1=-2x+2
x=3
You get x=1/3, 3 when all scenarios are combined together to form a solution set. As you can see, it is not a good way of solving in real GMAT.
Squaring method is far more easier and quicker when 2 absolutes appear on both sides.
I'm only aware of these 2 methods. Experts can help us if there is any other quicker method.