Question 1

Do I need a license to wholesale in Fort Worth, and who has to get the disclosure?

Accepted Answer

No license, provided you disclose in writing, and since 2024 the seller has to get that disclosure too. Texas Occupations Code section 1101.0045 lets a person acquire an option or a contract interest in real property and then sell or assign it without a real estate license, on two conditions: the contract isn't used to engage in real estate brokerage, and the nature of the equitable interest is disclosed in writing. Section 1101.0045 was added by the 2017 session and amended effective January 1, 2024 by SB 1577, which extended the written disclosure to the seller as well as the buyer. If your disclosure only goes to your end buyer, it's running on the pre-2024 rule. We're a lender, not your counsel, so have a Texas real estate attorney review your contract and disclosure language.

Question 2

Why do Tarrant County wholesalers double close instead of assigning?

Accepted Answer

A double close takes the assignment-disclosure question off the table, because you take title instead of assigning a contract. Section 1101.0045 is written around options and contract assignments. In a double close there are two separate purchases, A to B and then B to C, so there is no assignment to disclose. That is the honest reason a lot of Texas wholesalers use transactional funding rather than an assignment fee. We fund the first closing and get repaid out of the simultaneous resale. Which structure fits your deal is a legal question, so run it past your attorney before you commit to a contract form.

Question 3

Will a Fort Worth title company handle a same-day double close?

Accepted Answer

Ask before you contract, because it varies by underwriter and by branch. Whether a given Tarrant County title company will run a same-day double close, and whether it requires the B-to-C funds to be separate rather than using the end buyer's money to fund your purchase, is a house rule, not a state rule. Confirm it in writing with the specific branch closing your file. One thing you don't need to shop is the premium: Texas title insurance basic premiums are promulgated by the Texas Department of Insurance and are identical at every title company in the state, and the Commissioner ordered a 6.2% reduction effective March 1, 2026. Shop service fees and double-close willingness instead.

Question 4

How does the first-Tuesday foreclosure calendar set my closing date?

Accepted Answer

Texas forecloses non-judicially, and the sale date is fixed by statute. Under Texas Property Code section 51.002, sales run on the first Tuesday of each month between 10 a.m. and 4 p.m. at the courthouse of the county where the property sits, and if the first Tuesday falls on January 1 or July 4 the sale moves to the first Wednesday. Notice of sale has to be given at least 21 days out, by certified mail to each debtor obligated on the debt and by filing with the county clerk in each county where the property is located. On a debt secured by the debtor's residence, section 51.002(d) requires a prior certified-mail notice giving at least 20 days to cure before the notice of sale can issue. For a wholesaler that means distressed supply arrives in monthly batches, the sale date doesn't move, and the posting window is all the lead time you get to line up an end buyer and confirm funding.

Question 5

How much end-buyer risk should I price into a Fort Worth double close?

Accepted Answer

Assume your B-to-C buyer's margin is thinner than their spreadsheet says. ATTOM put the DFW MSA home-flipping rate at 11.9% in the first quarter of 2026, among the highest of any US metro over 1 million people, against a gross profit margin of just 4.3%. Nationally the same quarter ran an 8.0% flipping rate at a 25.4% gross margin. ATTOM's gross figure is resale price minus purchase price, before rehab, holding, financing and selling costs, so a 4.3% metro gross margin means a lot of DFW flips as of early 2026 did not clear their costs. That is a crowded acquisition market rather than a distressed-supply one. Since our funding is repaid from the simultaneous resale, get proof of funds and your end buyer's lender timeline in hand before you agree to a closing date.

Question 6

Does it matter which county the Fort Worth deal sits in?

Accepted Answer

Yes. This metro spans three counties and three sets of rules. Tarrant County covers Fort Worth, Arlington, Keller, Mansfield, Grapevine and Southlake, Parker County covers Weatherford, and Johnson County covers Burleson. Appraisal districts, tax rates and municipal permitting differ across all three. It matters to a double close for a mechanical reason too: under Property Code section 51.002 the foreclosure sale happens at the courthouse of the county where the property sits, and the notice is filed with the county clerk in each county where the property is located. Confirm the county before you build a closing calendar around a courthouse you assumed.

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