Question 1

Do I need a real estate license to wholesale in Killeen?

Accepted Answer

Not if you stay inside the safe harbor in Texas Occupations Code section 1101.0045. That statute lets you acquire an option or an interest in a contract to purchase real property and then sell the option or assign the contract without a license, on two conditions: you don't use the contract to engage in real estate brokerage, and you disclose the nature of your equitable interest in writing. Since SB 1577 took effect on January 1, 2024, that written disclosure has to go to both sides of the deal, the seller and any potential buyer, not just the buyer as under the original 2017 version. We're a lender, not your counsel, so have a Texas real estate attorney review your contract and disclosure language before you use them.

Question 2

Assignment or double close, and which one does this loan fund?

Accepted Answer

We fund the double close. Section 1101.0045 covers assignments: you sell the option or assign the contract, with the equitable-interest disclosure in writing to seller and buyer. A double close is a different structure, two separate purchase-and-sale transactions, A to B and then B to C, used when a contract is non-assignable or when the wholesaler would rather the end buyer not see the A-to-B price. Our transactional funding covers the first leg and is repaid out of the simultaneous resale. Which structure fits a given contract is a legal question for your attorney, not a lending one.

Question 3

Can my end buyer's funds cover the A-to-B leg on a Killeen double close?

Accepted Answer

Plan on no. No Texas statute or TREC rule governs double closings directly, so this is reported practice rather than law, but the practice a Texas real estate law firm describes is consistent: each leg has to be separately and actually funded, and title companies will not close the A-to-B leg on the C buyer's money. That is the gap transactional funding is built to bridge. It also means the title company handling your closing matters as much as the contract does, since not every office will run two closings in a day off the same file. Confirm with them before you go under contract, and get your own attorney's read on the structure.

Question 4

Why does Fort Hood create wholesale deal flow around Killeen?

Accepted Answer

Because federal law lets a servicemember break a lease and a change of station forces a sale timeline on a homeowner. Fort Hood carries 34,474 active-duty soldiers and supported 159,692 total jobs on the Texas Comptroller's latest count, and under the Servicemembers Civil Relief Act (50 U.S.C. section 3955) a soldier with PCS or deployment orders of 90 or more days can end a lease on notice, effective 30 days after the next rent due date. The same orders that force tenants out also force homeowners to sell on a deadline, which is exactly the kind of motivated, time-boxed seller a wholesale contract gets written on. Sourcing that contract is one thing; closing it on the seller's timeline, especially in a double close, is where transactional funding earns its keep.

Question 5

How does the Texas foreclosure calendar shape distressed deal flow in Bell County?

Accepted Answer

Texas forecloses without going to court, and the sales happen on one day a month at the Bell County courthouse in Belton. Under Texas Property Code section 51.002, sales are held on the first Tuesday of each month between 10 a.m. and 4 p.m., moving to the first Wednesday when that Tuesday falls on January 1 or July 4. Notice has to be posted, filed with the county, and mailed certified at least 21 days before the sale. That 21-day window is the lead time to line up an end buyer and confirm funding against a date that doesn't move. It stacks on top of the PCS-driven motivated sales that already run through this market, so a wholesaler working Bell County has two separate clocks to watch, not one.

Question 6

Does closing twice in one day double my title cost on a Killeen wholesale deal?

Accepted Answer

You pay two owner's policies, but neither price is negotiable and neither is a shopping decision. Texas title insurance rates are promulgated by the Texas Department of Insurance under Insurance Code section 2703.151, so the premium is the same at every title company, in Bell County or anywhere else in the state. The Commissioner cut those rates 6.2% effective March 1, 2026, the first change since September 2019. On the current schedule a $100,000 policy runs $780, and TDI's own worked example puts a $268,500 policy at $1,612. Texas also has no real estate transfer tax, and the constitution bars the Legislature from enacting one, so a same-day second closing triggers no state transfer levy. Since price is fixed, shop title on service and on whether the office will handle a double close.

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