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 stands for Earnest Money Deposit. It is a sum of money that a buyer provides to a seller as a show of good faith when entering into a real estate contract. The EMD is typically held in escrow until the closing of the transaction.

When looking at whether or not what you are requesting is considered EMD, you can look at the following:

• Is the amount your requesting the exact same as the amount listed for EMD on the contract?

• Does your requesting amount include an option fee? We will not fund those!

• Are you requesting money post-closing? That is not EMD and we will not fund that

We can fund EMD for end buyers, but it's rare. At the end of the day, our funds have to be protected no matter what. Typically that is done through an inspection period. If you have no inspection period on your deal or the EMD is non-refundable we will not fund your deal. If however you have an inspection period, we can fund your deal temporarily as long as our funds are replaced prior to the inspection period ending.

If your deal does not close, we do not charge you the 40% fee. Your only cost would be the up front fee since our transaction coordinators have already worked on the deal for you.

There is no limit on the funds we have available for both EMD and double closings. As long as your deal qualifies under our standards, we will be your one stop shop for all transactional funding both now and in the future!

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.