Beginner in WV — How Does Double Closing Work for Wholesaling?

Question

I’ve been researching wholesaling in West Virginia and trying to understand the safest and most legally sound way to approach it. One method I keep coming across is double closing, and I’d like to better understand how the process actually works in practice.

From what I’ve gathered, I would first enter into a purchase agreement with the seller, then have a second agreement with the end buyer. I would actually purchase the property in the first transaction and then sell it to the end buyer in the second closing. I’ve also read that an attorney or title company may need to be involved and that some type of short-term or transactional funding may be necessary.

For anyone who has done this in West Virginia, I’d really appreciate some insight:

What does the process look like from the initial seller agreement all the way through the second closing?

At what point should an attorney or title company become involved?

Is it normally two separate purchase contracts?

How do wholesalers typically fund the first closing if they don’t have the cash available themselves?

Do you find the end buyer before scheduling the closing, or does that happen earlier in the process?

Are there attorneys or title companies in WV that specifically work with investors and double closings?

Is double closing a reasonable strategy for someone trying to get their first wholesale deal completed?

Are there any WV-specific laws or requirements I should make sure I understand before making offers?

My biggest concern is making sure I understand the process and do everything legally and ethically rather than rushing into a deal before I know what I’m doing.

I’d especially like to hear from anyone who has actually completed a double closing in West Virginia and can explain how it worked for them. Any advice or recommendations on who I should speak with would be greatly appreciated.

Abdullah Galal · Answer

double closing is def doable, works for plenty of people starting out with no capital of their own. main thing is finding a title company or attorney thats actually chill doing simultaneous closings, not all of em are down for it especially in smaller counties, so call around before u even got a deal under contract.

for funding the first closing look into transactional funding, its basically a same day loan just to get u thru the first closing, then u pay it back same day once the second closing happens with ur buyer. costs some fees but thats literally what its made for.

biggest thing honestly is have ur buyer or at least a decent buyers list ready before u schedule the closing date. ppl get stuck all the time cuz they lock in a date with nobody lined up to sell to.

also double check wv rules on assignments and disclosures, some states been cracking down lately, one call to a local attorney clears it up fast.

not complicated once u get the process down, good luck man

Josiah Garcia · Answer

West Virginia wholesale is pretty straightforward legally—the key is making sure your contract clearly states you're an investor/buyer, not a licensed agent, and that you're assigning or double-closing the deal. I'd recommend getting a local RE attorney to review your contract template once; it's worth the $300–500 and saves you from costly mistakes down the road. Most issues come from unclear exit strategies or trying to hide the assignment, so just be transparent with sellers and you're solid. What specific part of the process are you most uncertain about?