Double Close vs Assignment Fee

[Henry Dominguez]

I know some people will do an assignment fee and some will do a double close. What are your experiences with both? Appreciate the insight!

[Lydia R.]

I've done both. It depends on the situation. When my wholesale fee is over a certain amount ($20K-$25K) I tend to double close to keep from ruffling any feathers on the buyers side. The cons of this are that you will have to fund the A-B side of the transaction. And cover the closing costs. So you need to be getting a higher fee in order to offset the cost. With an assignment, its much simpler and there are no costs for the wholesaler. If you are in a state like Illinois, you will have to double close if you arent a licensed real estate agent.