Transactional Funding in Lubbock

Two, and Occupations Code section 1101.0045 is the one that keeps you out of licensed brokerage. 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, provided 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 notice has to go to the seller as well as to a potential buyer. Skipping the disclosure is treated as engaging in real estate brokerage without a license. This is a statewide rule, not a Lubbock ordinance, so it applies the same way whether you're working a deal in the city or out in Wolfforth or Slaton. 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. We're a lender, not your counsel, so run your contract and disclosure language past a Texas real estate attorney before you use it.

We fund the double close. Section 1101.0045 is written around assignments: you sell the option or assign the contract, with the equitable-interest disclosure in writing. A double close is different in structure. It is two separate purchase-and-sale transactions, A to B and then B to C, and each leg has to be actually and separately funded. Texas title companies generally will not close the A-to-B leg on the C buyer's money, though that is practice rather than a statute or a rule we can cite, so ask your title company how they handle it. Our transactional funding covers that first leg and is repaid out of the simultaneous resale. Which structure fits your contract is a legal question for your attorney, not a lending one.

Texas forecloses without going to court, and every county's sales happen on one day a month. 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. at the Lubbock County courthouse, or an alternate area the commissioners court designates near it. If that Tuesday falls on January 1 or July 4, it moves to the first Wednesday. Notice has to be posted, filed with the county, and mailed at least 21 days before the sale. For a wholesaler that means distressed supply arrives in a predictable monthly batch, and the 21-day window is the lead time to line up an end buyer and confirm funding before a date that doesn't move. We don't have a Lubbock County-specific foreclosure volume figure to point you to, so treat this as a process fact, not a supply forecast.

No, and that's the point. Texas title insurance rates are promulgated by the Texas Department of Insurance, so the premium is identical at every title company in the state for a given policy amount, and a recent order cut the schedule 6.2% effective March 2026. Texas also has no state real estate transfer tax, and since a 2015 constitutional amendment the legislature is barred from ever enacting one. So a second same-day closing on a Lubbock property doesn't trigger a state transfer levy the way it might elsewhere, and shopping title on service costs you nothing in premium. Confirm your title company is set up to run two closings off the same file before you go under contract, not the week of your close.

Because the entry price is a fraction of what a DFW or Austin deal needs. Slaton and Levelland stock runs under $150,000, and the metro's mid-tier value overall is $214,267 as of mid-2026. We fund up to 100% of the purchase price on the A-to-B leg, so the absolute check size for a Lubbock wholesale deal tracks that lower entry basis. That's a capital-efficiency point, not a rate discount: pricing and underwriting are the same flat-fee, no-credit-check structure everywhere we offer this loan, subject to underwriting.

We fund up to 100% of the purchase price on the A-to-B leg. That is the point of this product: your capital is not what closes the first leg, the flat-fee funding is, and it is repaid out of the simultaneous resale the same day. Pricing is a flat fee, not a rate, and the term is measured in days rather than weeks. Closing costs and your title company's fees are still yours. Subject to underwriting.

No. There is no credit check on transactional funding at all. There is no appraisal either. The loan lives and dies on the paperwork: a real A-to-B contract, a real B-to-C contract, and a title company set up to run both closings off the same file. That is worth confirming with your Lubbock title company before you go under contract rather than the week of your close. Subject to underwriting.