Ohio's wholesaling rule is a disclosure about assigning your contract.
Ohio's SB 155 took effect March 2, 2026: if you put a home under contract intending to assign or novate it, you have to give the owner a plain, upfront disclosure first. It's aimed at assignments and novations — a double close takes title, which is a different transaction. Here's the plain-English version, and where funding fits.
What the law does
Ohio's SB 155, effective March 2, 2026, added a disclosure rule for wholesalers. In plain terms: if you put a residential home under contract intending to assign or novate that contract for a fee, you have to give the owner a separate, bold disclosure form before they sign — telling them you may transfer the contract to another buyer for a profit and that they may be accepting less than market value. It's a disclosure requirement, not a license, and it's written around assigning or novating the contract.
This is a plain-English summary, not legal advice — confirm your own situation with an Ohio attorney.
Assigning versus buying
Ohio's rule is built around assigning or novating your contract. A double close is a different transaction — you actually buy the home from the seller, take title, then sell to your end buyer, often the same day. Taking title changes the analysis, and whether a given deal sits inside or outside the disclosure rule is a question for an Ohio attorney. What we can speak to is the practical part: buying the home takes real money at the closing table, even if you own it only briefly.
Where transactional funding fits
We fund the purchase for the short window between the two closings, repaid out of your buyer's proceeds, so your own capital stays free. You bring a real end buyer and a closing agent; we bring the money for the hours in between.
Budget for it honestly. A double close means a second set of closing costs — commonly around 3% — plus the funding fee. If an assignment (with Ohio's required disclosure) would work just as well, that's often the cheaper path. Run the numbers first.
Need the funds to close?
Tell us the deal — type of funding, amount, and closing date. We answer quickly, and we tell you straight if it isn't a fit.
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