What Is Double Close?
Also known as: Double Closing, Back-to-Back Close
A double close (or double closing) is when a wholesaler actually buys the property and then resells it to the end buyer in two separate, often same-day, transactions, keeping the spread between the two prices.
A double close (or double closing) is when a wholesaler actually buys the property and then resells it to the end buyer in two separate, often same-day, transactions, keeping the spread between the two prices.
Double Close explained
A double close is the alternative to an assignment when assigning is not allowed or not desirable. Instead of transferring a contract, the wholesaler completes a genuine A-to-B purchase from the seller, then immediately completes a B-to-C sale to the cash buyer.
Wholesalers choose a double close to keep their fee private (the seller and end buyer never see each other's price), or when a contract, lender, or state rule blocks assignment. The trade-off is cost and complexity: there are two sets of closing costs, and you may need transactional funding to cover the first purchase for the brief window before the second closing funds.
Example
You buy a property from the seller for $146,000 (the A-to-B close), then resell it to your cash buyer for $158,000 (the B-to-C close) the same day. Your $12,000 spread stays between the two closings and is not disclosed across the table.
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