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Double Close vs. Assignment Calculator
See what you keep if you assign the contract compared with a double close, including transactional funding.
What it buys you: the seller and buyer don't see your spread, and it works when a contract can't be assigned.
Typical costs, not quotes. Ask your title company and funder for exact numbers.
Double close vs. assignment FAQs
What is the difference between an assignment and a double close?
In an assignment, your buyer takes over your purchase contract and pays you an assignment fee at closing, in one transaction. In a double close, you buy the property from the seller and resell it to your buyer, usually the same day, in two transactions.
Why would a wholesaler double close?
Privacy and flexibility. In an assignment, the seller and buyer can see your fee on the closing statement; with a double close, each side only sees its own price. Some contracts also cannot be assigned, and some lenders will not finance a buyer on an assigned contract.
What does a double close cost?
You pay buyer-side closing costs on the first purchase, and if you use transactional funding to buy it, the funder usually charges 1% to 2% of the amount plus some fees. These vary by title company and funder, so get quotes.
Do Texas wholesalers need to disclose anything?
Texas expects wholesalers to disclose to buyers that they are selling their interest in a contract, not the property itself, when they assign. Use a title company that handles investor closings, and talk to a Texas real estate attorney about your contracts. General information, not legal advice.