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Double Closing in Wholesaling (Simple Breakdown)
Had a question on today’s call about double closings, so here’s the quick version A double close is when you actually buy the property and then resell it immediately to your end buyer. Instead of assigning the contract, you’re doing two transactions: A to B: You buy from the seller B to C: You sell to your buyer Both usually happen the same day or within a short window. Why use a double close? - You don’t want the buyer seeing your assignment fee - There’s a big spread and you want to control the deal - The seller or buyer doesn’t allow assignments Example: You get a deal at $300KYour buyer is at $350K You close on the $300KThen resell at $350K You keep the difference (minus closing costs) Transactional Funding (this is key): I’ve got a lender who will fund the deal at 0.75% of the loan amount Quick example: $300K purchase0.75% = $2,250 cost So if you’re making $50K on the spread, paying $2,250 to control the deal and keep it clean is a no-brainer. Key things to know: - You’ll need funding (transactional funding or your own cash) - You’ll pay closing costs twice - You need a title company that knows how to handle it When I use it: Only when the spread is big enough to justify the extra costs and risk. If the deal is thin → assign it If the deal is strong → double close it If you want a connection to the transactional funding lender, I can intro you. 0 down and they finance it all I’ll get you set up… and yeah I’ll take my referral fee too
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Double Closing in Wholesaling (Simple Breakdown)
🚨 WHOLESALE COURSE — MARKET ALERT 🚨
The Golden Hour Is NOW. Let's talk about what's happening in the real world right now — because this affects every investor and wholesaler in our community. Gas is hitting $7 here in California. People are feeling it every single day at the pump. Mortgage rates are pushing 7% and home buyers are running scared. And with global conflict and uncertainty continuing overseas — the pressure on everyday homeowners is real. Here's what that means for YOU as a wholesaler: Motivated sellers are multiplying. When people feel financial squeeze from every direction — gas, groceries, their mortgage — some of them NEED out. They're not looking for a realtor. They're looking for a solution. That's where you come in. Stay on the phones. Educate, don't sell. Your job right now isn't to pitch — it's to show up, listen, and educate. The deal follows the relationship. If you're calling and someone is struggling, be real with them. Be human. Let them know they have options. Your lists are ready — they're already skip traced. Work them. 📞 Call AGENTS — Ask if their sellers would consider a low ball cash offer. You'd be surprised who says yes in this market. 📞 Call SELLERS directly — Find out if they're struggling. A lot of them are. Some just need someone to call. If the uncertainty in the world continues — and right now it shows no signs of stopping — great deals are coming to investors who are prepared. The question is: will you be on the phones when they hit? This is the golden hour. Don't sleep on it. Office Hours — Monday at 9:30 AM PST Pop in, ask questions, let's strategize together. See you there.
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🚨 WHOLESALE COURSE — MARKET ALERT 🚨
5 Simple Cold Text Scripts That Actually Get Replies
A lot of people overcomplicate cold texting. The goal isn’t to sell the house in the first message. The goal is just to get a response. Keep it short. Ask a simple question. Make it easy for them to reply. Here are 5 scripts I’ve used for cold leads: 1. “Hey [Name], quick question — are you still living at [street name] or did you end up moving?” 2. “Hi [Name], random question — if you ever sold your place on [street name], would you sell it as-is or fix it up first?” 3. “Hey [Name], I work with a few buyers looking in your area and your street came up. Any chance you’d consider selling if the numbers made sense?” 4. “Hi [Name], I know this might be out of the blue — but would you ever consider an off-market offer on your property?” 5. “Hey [Name], quick one — do you plan on keeping your property long term or have you thought about selling in the next year or two?” Just start the conversation. Curious — what’s the cold text that’s worked best for you?
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I Need One Off-Market Deal
I’m actively buying right now. Looking for one off-market property — fixer, inherited, tired landlord, problem tenant, anything that won’t list well on the MLS. I can close fast and keep it simple. If you know someone even thinking about selling, send it to me If you have deals locked up under contract, send it over
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I Need One Off-Market Deal
Need Help Dispo'ing a Deal in San Diego
Got a property in San Diego that needs to move. Looking for someone who can help me get this deal in front of the right buyers or has connections in the area. Drop a comment or DM me if: - You've got buyers looking in San Diego - You know someone who flips/invests there - You want the details and can help make something happen Let's make this work. Who's got San Diego connections?
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