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Updated about 2 years ago,
When do wholesalers switch from assignments to double closes?
When do wholesalers usually switch from assignments to double closes?
From what I’ve seen, it seems like wholesalers start their career with assignments I’m guessing because they don’t want to spend the cash for closing costs of a double close.
It seems like they eventually just do double closes because it hides the higher profit (that they’re able to negotiate, because they’ve developed those skills/experience) from their buyers/sellers.
At what point does this switch usually occur? After how many deals? 10? 100? 1000?
I’m sure I’m going to get a lot of sarcasm on this one from people that don’t wholesale, but any answers are encouraged! ;) :)