Question 1

Do I have to disclose my equitable interest when I wholesale a property in Laredo?

Accepted Answer

Yes, in writing, to both sides of the deal. Texas Occupations Code 1101.0045 lets you acquire and assign a contract interest without a real estate license, provided you disclose the nature of your equitable interest in writing. Since SB 1577 took effect on 2024-01-01, that written disclosure runs to the seller as well as the buyer. Skipping it is not a technicality: the statute treats undisclosed assignment as engaging in real estate brokerage without a license. Take the disclosure form itself to your attorney. Texas has a second disclosure statute that older templates miss: Property Code section 5.0205 requires its own written notice before you enter into the contract to sell an option or assign a purchase contract, telling the potential buyer that you are assigning an interest and do not hold legal title, and telling the property owner that you intend to assign. It is a separate duty from the 1101.0045 disclosure, not the same one restated.

Question 2

Does a double close get me around that disclosure requirement?

Accepted Answer

A double close is a different transaction, not a workaround. Two separate deeds and two settlement statements, A-to-B and B-to-C, mean you're not assigning a contract, so it isn't the same 1101.0045 disclosure event. That's a structural reason wholesalers use a funded double close in Laredo's thin market, where a visible assignment fee stands out against a $107,000 to $223,000 price band across the metro's submarkets. Transactional funding is built to fund that A-to-B leg.

Question 3

Does closing twice in one day cost more in title premiums here?

Accepted Answer

No, and that's true everywhere in Texas. Title insurance premiums are set by the state, not negotiated, under Insurance Code 2703.151, so the owner's policy premium is identical at every title company for a given policy amount (cut 6.2% statewide effective 2026-03-01). A double close in Laredo costs two promulgated premiums, one per deed, and the only place to negotiate is escrow and endorsement fees, never the premium itself.

Question 4

Can I wholesale a lot outside Laredo city limits?

Accepted Answer

Check water and sewer before you sign anything. Webb County sits within 50 miles of the border, which makes it a Subchapter B county under Local Government Code chapter 232: a rural lot that lacks water and sewer service, or a bonded guarantee for it, generally cannot be sold at all except by a seller who lives on it. That can make a contract on an unincorporated Webb County parcel unassignable regardless of the paperwork, so confirm the plat and utility status before you tie one up.

Question 5

How hard is it to support an assignment price with comps in Laredo?

Accepted Answer

Harder than in most states. Texas is a non-disclosure state, so sale prices aren't recorded on deeds or reported to the appraisal district, and Laredo's own inventory is thin: about 570 active listings metro-wide, roughly 2.0 per 1,000 residents. Thin comps plus a non-disclosure market mean your resale price needs its own support, not a quick pull of recent sales.

Question 6

Does the City of Laredo or Webb County regulate wholesaling or assignment fees separately from state law?

Accepted Answer

No local rule has been located. Texas Occupations Code 1101.0045 sets the statewide disclosure standard, and we located no Webb County or City of Laredo ordinance on wholesaling, assignment fees or assignment disclosure. We were not able to read the city's own published code directly, and an ordinance we did not find is not proof that none exists, so confirm current city code before you rely on it.

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