What Is Double Closing?
A double closing is a wholesale strategy where the wholesaler briefly takes actual title to a property in one closing, then immediately resells it to the end buyer in a second closing — used instead of an assignment when the fee needs to stay confidential or the contract restricts assignment.
Assignment of Contract vs. Double Closing
The wholesaler never takes title — they transfer their contract rights to the end buyer for an assignment fee.
The wholesaler briefly takes actual title in one closing, then resells to the end buyer in a second, separate closing.
Wholesalers use a double closing instead of an assignment when the fee needs to stay confidential or the original contract restricts assignment.
Related Terms
More Investing Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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