What is Double Close?
A double close (also called a simultaneous close) is a wholesaling exit where the wholesaler actually buys the property from the seller and immediately resells to the end buyer in two back-to-back transactions. Used when an assignment isn't allowed or when the wholesaler wants to hide their margin.
In an assignment, the end buyer sees the original contract price and knows exactly what the wholesaler is making. In a double close, the wholesaler closes the A-to-B transaction (seller to wholesaler) and then immediately closes the B-to-C transaction (wholesaler to end buyer) — the end buyer only sees the B-to-C contract.
Double closes require the wholesaler to fund the A-to-B transaction, even if only for minutes. Options include transactional funding (specialty short-term loans designed for this), the end buyer's funds (in some states with specific title-company support), or the wholesaler's own cash.
Double closes are more expensive than assignments — two sets of closing costs, two transfer taxes in some states, transactional funding fees of 1-2%. They're justified when the spread is large enough to absorb the friction, when state law requires it, or when keeping the margin confidential matters to the wholesaler's buyer relationship.
Wholesaler A buys from seller S for $100,000 at 10:00 AM. At 10:30 AM, wholesaler A sells to end buyer B for $130,000. Net to wholesaler before costs: $30,000. After transactional funding (~$2,000) and double closing costs (~$5,000): $23,000.
Concepts that connect.
Wholesaling is the real-estate strategy of putting a distressed property under purchase contract and assigning that contract to a cash buyer for a fee. The wholesaler never owns the property — they're paid for connecting motivated sellers to investor buyers.
An assignment fee is the amount a wholesaler is paid for assigning the rights of a real estate purchase contract to an end buyer. Typical fees in 2026 range from $5,000 to $25,000 on single-family deals, depending on the spread and the market.
Transactional funding is a short-term loan — typically lasting hours, not days — used to fund the A-to-B leg of a double close. The wholesaler borrows from the transactional lender to close with the seller, then immediately resells to the end buyer and repays the loan from those proceeds.
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