Tennessee's wholesaling rule is about assignments.
Tennessee's SB 909 has been in effect since March 2025: if you assign a purchase contract, you have to disclose it. It's aimed at assignments — a double close takes title, which changes the picture. Here's the plain-English version, and where funding fits if you buy the property instead of assigning the contract.
What the law does
Tennessee's SB 909, effective March 2025, added disclosure rules for wholesalers. In plain terms: if you have a home under contract and then assign your right to buy it (your equitable interest) to another buyer for a higher price, you have to disclose certain things to the seller and to that next buyer. It's a disclosure requirement, not a license, and it's written specifically around assigning the contract.
This is a plain-English summary, not legal advice — confirm your own situation with a Tennessee attorney.
Assigning versus buying
Tennessee's rule is built around assigning 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 a Tennessee 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 the 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.
Request Funding →