Step by Step

Exactly How The 2nd Close Works

No surprises. No fine print. Just a clear, transparent path from your first cash offer to your second, bigger payday.

The Full Process

From First Contact to Final Payday

The entire process takes approximately 120–150 days from your first inquiry to your second payment. Here's every step.

Start the Process
Day 1 — Step 1

Submit Your Inquiry

Fill out our simple contact form with your property address, mortgage balance, and a brief description of the home's condition. No obligation, no pressure.

We respond to every inquiry within 24 business hours.
Submitting a form online
Days 2–5 — Step 2

Property Assessment

Our team conducts a thorough walkthrough of your home. We assess its current condition, estimate the cost of renovations needed, and research comparable sales in your neighborhood to determine its After Repair Value (ARV).

This visit is free and takes about 1 hour. You'll receive a full written report.
Home walkthrough inspection
Days 5–7 — Step 3

Receive Your Cash Offer

We present a written offer detailing: your guaranteed first payment (typically 70% of ARV minus repair costs), the projected renovation budget, our expected resale price, and your estimated second payment. Everything on paper, nothing hidden.

Formula: First Payment = 70% × ARV − Estimated Repair Costs
Reviewing a cash offer
Days 7–14 — Step 4

Sign & Close — First Payment

Once you accept, we move immediately to closing. Our team handles all paperwork, title work, and coordination. No realtor needed. No mortgage contingencies. You sign, and within 14 days of agreement you receive your first payment.

Your first check arrives within 14 days of signing. Guaranteed.
Professional handshake at closing
Days 14–90 — Step 5

We Renovate

Our licensed contractors get to work transforming the property. Kitchens, bathrooms, flooring, curb appeal — every upgrade is calculated to maximize the resale price. You're kept updated throughout, but you don't lift a finger or spend a dime.

100% of renovation costs and risks are ours. Your first payment is never at risk.
Light home renovation
Days 90–120 — Step 6

We List & Sell

The renovated home is professionally staged, photographed, and listed directly on the MLS at full market value. No realtor commissions cutting into your second payment. We price aggressively and typically receive offers within the first two weeks.

Home with for sale sign
~Day 120 — Step 7

Your Second Payday

When the renovated home closes, you receive your second, larger payment. This is your share of the equity we unlocked through renovation and strategic resale — money that would have gone entirely to a traditional cash buyer.

Most sellers receive their total combined payout well above what a traditional cash buyer would have offered.
Two checks handed to homeowner
Side by Side

The 2nd Close vs. The Alternatives

See how our model stacks up against a traditional cash buyer or listing with a realtor.

Traditional Cash Buyer
Listing with a Realtor
✦ The 2nd Close
Speed to First Payment
7–14 days
60–90 days avg on market
Within 14 days
Total Payout
60–70% of ARV
Market value minus 5–6% commission + concessions
70%+ ARV + second payment
Realtor Commission
None
2–3% off your proceeds
Buyer's agent may apply on resale
Repair Risk on Seller
None
Inspection demands, price cuts
None — 100% on us
Second Payday
No — investor keeps it
No — one payment only
Yes — you share the upside
Transparency
Offer only, no breakdown
MLS data available but uncertain
Full written projections
Open Houses / Showings
None
Multiple showings required
None during your ownership
Real Numbers

What the Math Looks Like

Here's a real-world example: a home currently worth $290,000, needing $40,000 in renovations, with an After Repair Value (ARV) of $390,000.

Sample Deal Breakdown

Current As-Is Value$290,000
After Repair Value (ARV) — Post Renovation$390,000
70% of ARV$273,000
Minus Estimated Renovation Cost− $40,000
The 2nd Close Fee on 1st Close (1% of $233k)− $2,330
Closing Costs — approx. 2–5% (est. LA County)− $4,660
💰 Your 1st Payout (Net)~$226,010
Home Resells on MLS After Renovation$390,000
Construction Partner Fee (4.99%)− $19,461
The 2nd Close Fee (2%)− $7,800
Buyer's Agent Commission if applicable (3%)− $11,700
Renovation Cost− $40,000
Closing Costs — 2nd Close approx. 2% (est. LA County)− $7,800
Total Fees & Costs Deducted− $86,761
Net Resale Proceeds to Seller$303,239
Minus 1st Payout Already Received− $226,010
💰 Your 2nd Payout~$77,229
Your Total Combined Payout ~$303,239
Traditional Cash Buyer (as-is, ~65% of ARV) ~$233,000
Traditional Realtor Sale (current value $290k, after ~6% commission) ~$272,600
✦ The 2nd Close — Total Combined Payout ~$303,239

* Buyer's agent commission (3%) only applies if the buyer is represented. Closing costs vary by county — LA County estimate used above. All figures are illustrative projections; your formal offer will include exact numbers.

Please refer to our Disclaimer for full legal disclosure and important disclosures about our services.

Calculate Your Numbers →

Renovated exterior Modern kitchen Luxury bathroom Open living room Beautiful home
Ready?

Start Your 2nd Close Today

Get a no-obligation cash offer and a full projection of what your double payday could look like.

Request a Cash Offer