Key Takeaways
- Assignment transfers contract rights to an end buyer; double closing involves the wholesaler briefly taking title.
- Anti-assignment clauses, common in REO and institutional contracts, block assignments but not double closings.
- Transactional funding (1-3% cost) provides same-day capital for double closings, repaid from the B→C sale proceeds.
- State regulations on wholesaling vary significantly — unlicensed brokerage risk is real and requires legal counsel.
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Test Your Knowledge
1.What is the key structural difference between a contract assignment and a double closing?
2.Why might a wholesaler use a double closing instead of an assignment?
3.What is transactional funding and what does it typically cost?