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Wholesaling has a reputation. We are here to be the exception.
Most people who have dealt with a wholesaler have a story, and it is rarely a good one. This page is about where that reputation came from, what Ohio changed in 2026, and exactly how Closing Columbus works so you can hold us to it.
The stigma, honestly
Where the bad name came from
Wholesaling is simple in principle. Find a house the owner wants to sell without the hassle, put it under contract at a fair discount, and assign that contract to an investor who will do the work. Done properly it gives sellers a fast, certain exit and gives investors deals they could not find on their own.
The problem is how easy it became to do it badly. No license was required, courses promised riches with no money down, and a lot of people started sending contracts to owners they had never met. The results are the stories investors and sellers tell each other.
- ARVs pulled from the best house in the zip code, and repair numbers that were pure guesswork.
- Daisy chains, where a deal passes through two or three wholesalers, each adding a fee, before an investor ever sees it.
- Sellers, often older or in a hard spot, who signed a contract without being told it would be sold on for a profit.
- Deals marketed with no signed contract behind them, and buyers left holding earnest money on houses that were never really available.
- Bidding wars run by text message, with the price quietly raised on the buyer who moved first.
None of that is illegal in most states, which is exactly why it kept happening. Ohio decided to change that.
The new Ohio law
What Revised Code 5301.95 changed on 2 March 2026
Ohio now defines a wholesaler in law: anyone who contracts to buy residential property of one to four units intending to assign that contract for a fee. Before a wholesaler signs anything with an owner, the owner must receive a written notice, in bold type of at least twelve point, that the owner signs and dates. The notice says, in plain terms, that the buyer is a wholesaler acting for themselves, may assign the contract to someone else without the owner's consent, may charge that person a fee, and that the price agreed may be below market value.
If a wholesaler skips it, the owner can cancel before closing without penalty and keep the earnest money, and the failure counts as an unfair or deceptive practice under Ohio's consumer law. For the first time, the part of the business that hurt sellers has a legal consequence.
We think the law is good for everyone who does this honestly. It puts the paperwork we were already doing into the statute, and it makes it much harder for the people who gave the industry its name.
How we work
The disclosure is signed on every single deal
Every owner who sells to Closing Columbus receives the 5301.95 notice as a separate document, before any purchase contract, and we keep the signed and dated copy on file. We give it whether the law requires it that day or not, and we tell the owner they are welcome to have a lawyer or an agent read everything first. The full text of the notice is published on our disclosure page so anyone can read it before they ever speak to us.
That is the seller side. On the buyer side, the same standard applies.
- Our own contracts only. Every deal on this site is under contract with the owner by us. We never resell or repost another wholesaler's deal.
- Numbers you can check. The ARV comes from renovated sales nearby in the last six months. Every house is walked with our contractors before it is priced. The ARV and the spread are on the deal page, and if you find a better comp we want to hear it.
- One price, no bidding wars. The price includes our fee. The first workable offer with proof of funds gets the deal. We do not shop your offer around to raise it.
- A title company holds every dollar. Earnest money, assignment fees, and closing funds all go through a licensed Ohio title company. Nothing is paid to us directly.
- Walk it first. Most houses are on a lockbox. See it with your contractor before you offer.
- Same day answers from the owner of the company. When you call about a deal, Solomon answers. There is no call center and no acquisitions team working a script.
Lean on purpose
No billboards, no commercials, no massive team
Some companies in this business spend heavily on billboards, radio, television, and a large staff to answer the phones. None of that makes a deal better. It adds overhead, and overhead gets recovered somewhere: a lower offer to the seller, a higher price to the investor, or a thinner spread on the deal.
We are a small local company based in Hilliard. There is no advertising budget to feed and no acquisitions floor working a script. The person who finds the house, walks it, and negotiates it is the same person you deal with. What we save by staying small stays in the numbers, which is why our deals can carry a wider spread and our offers to sellers can be fair without a middleman's cut on top.
Judge for yourself
Questions to ask any wholesaler, including us
Do you have this house under contract in your own name, and can I see the contract? Did the owner sign the Ohio disclosure, and can I see that too? Who holds the earnest money? What is the closing date in the underlying contract? Which comps did you use for the ARV? If the answers are quick and specific, you are probably dealing with someone who does this properly. If they are vague, walk away. We will answer all five on any deal we have.
Buyers list
Hear about the next deal before it hits this page.
Buyers list members get every new contract by email, and by text if they want it, usually a day or two before it goes public. Tell us what you buy and we only send what fits.
- Deal numbers in the first email: price, ARV, spread
- Photos and a walkthrough time on request
- No fees, no daisy chains, no selling your details