Know every dollar at the closing table before you assign a deal. Freddie calculates wholesale closing costs for both assignment and double-close structures.
Dan White, 20-year fix-and-flip veteran in Northern Virginia, used FreeDealCalc to analyze a $130,000 wholetail opportunity in under 5 minutes. No spreadsheet. No paid software. Just Freddie.


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A buyer who purchases this property as a wholetail deal undertakes all renovation work at their own direction, cost, and risk. The seller makes no representations regarding property condition and all sales are as-is. Buyer is responsible for all due diligence, inspections, and compliance with local codes and regulations.
On an assignment, costs are minimal — title fee ($300-$500), recording fees ($50-$150), and any state transfer taxes. On a double close you pay closing costs twice (A-B and B-C legs) plus transactional funding fees of 1-2% of the purchase price.
Assignment: you sell your contract to the end buyer and never take title. Double close: you actually purchase the property (A-B close) then immediately resell it (B-C close). Double closing is used when you want to hide your assignment fee or the seller/buyer won't accept an assignment.
Transactional funding is short-term financing (24-72 hours) used to fund the A-B purchase in a double close. Lenders charge 1-2% of the purchase price. On a $150K purchase that's $1,500-$3,000 — factor this into your net assignment fee calculation.
On assignments, usually no — you're selling a contract not a property. On double closes, transfer taxes apply to both transactions in states that charge them. Transfer taxes vary widely — 0% in many states, up to 2%+ in high-tax states like Pennsylvania and New York.
Net assignment fee equals your contract purchase price minus seller's price minus all closing costs minus any marketing costs. On a double close, subtract both closing cost legs and transactional funding. Freddie calculates your net across both structures.
In most states yes when assigning your equitable interest in a contract. Regulations vary and are evolving — some states now require a license for repeated wholesale transactions. Consult a real estate attorney in your state. Freddie helps with deal analysis, not legal advice.
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