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.

EMD, or Earnest Money Deposit, is a sum of money given by a buyer to a seller as a demonstration of good faith when entering into a real estate contract. This deposit is usually held in escrow until the transaction is completed.

To determine if your request qualifies as EMD, consider the following:

• Is the amount you are requesting the same as the EMD amount specified in the contract?

• Does your request include an option fee? We do not fund option fees.

• Are you asking for funds after the closing?

Such requests do not qualify as EMD and will not be funded.

We can fund EMD for end buyers, but this is uncommon. To ensure the protection of our funds, an inspection period is typically required. If your deal lacks an inspection period or the EMD is non-refundable, we will not be able to fund it. However, if your deal includes an inspection period, we can provide temporary funding as long as our funds are reimbursed before the inspection period ends.

If your deal does not close, you will not incur the 40% fee. The only cost to you will be the upfront fee, as our transaction coordinators have already invested time in working on your deal.

We have no limit on the funds available for both EMD and double closings. As long as your deal meets our criteria, we’ll be your go-to source for all your transactional funding needs, both now and in the future!

We generally require 48 hours' notice to fund a deal, though we've successfully funded deals same day. To ensure the smoothest process, it’s best to submit your deal as soon as possible for review and to initiate funding.