2d • 💰 Wealth
💰 WEALTH TIP — Why Your Assignment Fee Isn't Safe Until You Know This
Real talk: the fastest way to blow up a deal — and expose your exact profit margin to your seller — is assigning the contract when you didn't need to. Most wholesalers default to a straight assignment on every deal. Wrong move when your buyer's shaky on funding or your fee is big enough to make the seller renegotiate.
Enter the double close. You close with the seller first, then close with your end buyer minutes or hours later — two separate transactions, same day. Your fee never shows up on anyone's paperwork but yours.
1️⃣ Use a double close when your assignment fee is large enough that the seller would balk at seeing it in writing.
2️⃣ Use it when your buyer's financing is shaky — don't let their cold feet at closing torch your deal.
3️⃣ Line up transactional funding BEFORE you need it — a same-day lender who wires your side of the purchase, then gets repaid the second your buyer's money lands.
4️⃣ Confirm your title company actually does double closes — not all of them will, and you don't want to find that out mid-deal.
5️⃣ Budget the extra closing costs. Two closings means two sets of fees — build that into your spread before you lock up the contract.
Your action TODAY: Call your title company and ask if they handle double closings and transactional funding. If they say no, find one that does before you need it mid-deal.
Full breakdown on structuring double closes to protect your fee is inside the Wholesale to Wealth Course in the Classroom 👆🏽
Drop a 💰 if this hit.
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💰 WEALTH TIP — Why Your Assignment Fee Isn't Safe Until You Know This
