Double Close (or Double Escrow)

Definition

A transaction where you simultaneously buy and sell properties, often used in wholesaling to hide profit margins from the actual buyer.

Example Usage

The wholesaler used a double close to assign the contract without revealing they were making $40,000 on the deal.

Origin

Real estate investment terminology from 1990s

Fun Fact

Double closes require two separate closings (often same day) and are completely legal but ethically questionable if profits are hidden.

Source: Real estate investment terminology

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