Frequently Asked Questions

A double closing is a real estate transaction method where two back-to-back property sales occur on the same day, involving three parties: the original seller, the investor (middleman), and the end buyer.

Here's how it works:

First Transaction: The investor agrees to purchase the property from the original seller.

Second Transaction: The investor simultaneously sells the property to the end buyer at a higher price.

During a double closing, the investor typically uses the funds from the end buyer to complete the purchase from the original seller. This allows the investor to profit from the difference in sale prices without needing to use their own funds for an extended period.Double closings are often used in real estate wholesaling and transactional funding, allowing investors to efficiently facilitate deals and earn profits by connecting motivated sellers with interested buyers.

Yes, but we only provide proof of funds for double closes in which case our funds would be used to purchase the property.

To receive proof of funds, follow the steps below:

1. Go to "Submit Funding Request" and walk through the steps to submit a request for a double close.

2. In the notes section, state that the request is being submitted for a POF.

3. Use the PSA that you will be submitting to the agent/seller with all possible info filled out.

4. Attach the A-B PSA as both the A-B and B-C since the form will require both.

A seller carry-back deal involves a hard money or DSCR loan being used to purchase a property. The remaining amount needed for purchase is funded by the seller via a seller carry-back. This amount is typically equal to the down-payment and closing costs.

If you have a deal like this, the lender will likely require you to bring the down-payment to close and then be reimbursed by the seller carry-back. IF the lender approves, we can fund that down-payment for you to close the deal.

Yes fund both commercial and residential.

We typically require 48 hours of notice to fund a deal, however we have funded in as quickly as 5 minutes (seriously). If you have a deal, your best bet is to submit it as soon as possible so we can review it and get the process started.

If your deal does not close, your only cost would be the up front fee since our transaction coordinators have already worked on the deal for you.

We fund in all 50 states.