Transactional Funding
Earnest Money and Double Close funding done right, the Real Good Deals way.
How It Works
EMD Deals
5 Steps for Funding:
1. Submit your deal request below
2. Receive Approval
3. Complete all required paperwork
4. Funding is sent to escrow and file is managed by Transaction Coordinator (includes regular communication)
5. Close!
Double Close
We charge a flat rate fo 1.5% for double closes. For example, if we fund a double close of $150,000 the total return would be $152,250. In order for double closes to work, there needs to be an A-B and B-C transactions.
These also require a TC to ensure all of the moving pieces are done to the standard of Real Good Deals. The total TC fee for double closes is $1,000 paid at closing.
How much will it cost?
EMD Deals
We charge a 30% flat rate for all EMD deals that we do. For example, if we lend on an EMD for $5,000 the total return would be $6,500. Each deal requires a Transaction Coordinator (TC) to ensure all moing pieces of the transaction are done to the standard of Real Good Deals.
The cost for TC is $300 up front to start the file and manage the process. At Close the remaining balance of $300 will be paid to cover the TC costs.
Double Close
We charge a flat rate fo 1.5% for double closes. For example, if we fund a double close of $150,000 the total return would be $152,250. In order for double closes to work, there needs to be an A-B and B-C transactions.
These also require a TC to ensure all of the moving pieces are done to the standard of Real Good Deals. The total TC fee for double closes is $1,000 paid at closing.
For EMDs and double closes, we can handle any funding need here at Real Good Deals. Our preferred lending partners are experienced and have substantial capital.
Great question!
A double closing is a real estate strategy where two back-to-back property sales happen on the same day, making it feel a bit like a high-stakes relay race. There are three key players:
The original seller – the one offloading the property.
The investor (that’s you, the middleman/woman/genius) – who acts as the intermediary.
The final buyer – the one who ultimately takes ownership.
How It Works:
- First sale: The investor locks in a deal to purchase the property from the original seller.
- Second sale: The investor immediately resells it to the final buyer at a higher price.
Now, here’s where the magic happens: In most cases, the investor uses the final buyer’s funds to complete the purchase from the original seller—meaning they don’t have to front their own cash for long (or at all).
This strategy is a favorite in real estate wholesaling and short-term funding because it allows investors to turn a profit without ever technically holding onto the property for more than a hot minute. Think of it as playing financial Tetris—lining everything up perfectly so the deal falls into place seamlessly.
One of the main reasons transactional lenders fund EMDs is that it fits within the inspection period window (soft) and allows them to pull their funds out before they are unable to (hard). We fund EMDs within the inspection period only.
It really depends on a few factors but, if you have everything ready (contracts, end buyer, title company, etc.) we can fund fast, like same day. However, plan for 48 hours to fund.
Real Good Deals can help you in all aspects of your real estate investing journey.
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