Question 1

Do I need a license to wholesale in Abilene?

Accepted Answer

No license, as long as you make the written disclosures, and since January 1, 2024 the first one has to reach the seller too. Texas Occupations Code section 1101.0045 lets you assign a contract without a license if you do not use it to engage in brokerage and you disclose the nature of your equitable interest in writing to any seller or potential buyer. Property Code section 5.0205 adds a second duty: before the assignment contract, tell the buyer in writing that you are assigning an interest and do not hold legal title, and tell the owner you intend to assign. A missed disclosure converts into unlicensed brokerage under section 1101.0045(b), and the offence provision, section 1101.756, turns on a wilful violation. We found no Abilene or Taylor County rule that adds to these. We are a lender, not counsel, so have a Texas real estate attorney review your documents.

Question 2

Does Texas allow a double close, and what do Abilene title companies do?

Accepted Answer

We found no Texas statute that prohibits a double close. That is an absence of a found rule, not proof of legality, so confirm with your attorney. What we could not find is how Abilene title companies handle same-day back-to-back closings or any seasoning requirement, so check with the title company on your file before you set a date. Two things hold statewide: title premiums are promulgated by the state, so the premium on a given policy amount is the same at every Texas title company, and Texas Constitution Article VIII, section 29 bars a transfer tax on a conveyance of fee simple title.

Question 3

How early can an Abilene wholesaler see a foreclosure coming?

Accepted Answer

At least 21 days ahead, when the notice of sale goes public. Property Code section 51.002 puts trustee sales between 10 a.m. and 4 p.m. on the first Tuesday, on at least 21 days of notice posted at the courthouse door, filed with the county clerk and mailed by certified mail. The extra 20-day cure notice applies only to a debtor's residence, so on investment property the 21 days is the whole clock. In Taylor County, sales are held in the southeast foyer and adjacent upper porch of the courthouse at 300 Oak St., and the clerk only file-marks the notices. Get your A-to-B funding committed before that Tuesday.

Question 4

How hard is it to comp an Abilene assignment right now?

Accepted Answer

Harder than usual, because list prices have moved faster than sales data can confirm. Texas does not publish residential sale prices, so off-market comps are scarce. The metro mid-tier home value was $221,910 in September 2026, up 9.7% in a year, while the Realtor.com median list price was $325,000, up 20.4%, and listings with a price cut reached 194 of 465 active listings. An end buyer working off June's list prices may be overpaying. Support the resale price independently, and expect the end buyer's appraiser to do the same.

Question 5

Is there a typical assignment fee in Abilene?

Accepted Answer

We found no published assignment-fee norm for Abilene, so we do not quote one. What is documented is the demand: rents rose about 30% in a year and list prices about 20%, which pulls out-of-town buyers who need a deal sourced for them, and the first-Tuesday courthouse calendar feeds wholesalers. That is our read of why wholesaling works here, not a local rule. Price your fee against your own deal, not a market average that nobody publishes.

Transactional Funding in Abilene

How it works

Transactional Funding in Abilene, answered.

More Transactional Funding questions, answered on the program page

Guides for Transactional Funding

Transactional Funding vs. other options

Other programs in Abilene

Transactional Funding elsewhere in Texas

Funding Abilene deals fast.