Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on .

Average Closing and Carrying cost in California
Hello, I am a new wholesaler in the California area. I have a deal that I am working on. However, I am not sure if I am off on the numbers. For those who flip. What is the average closing cost and carrying cost in Southern California? I am using 9% for closing costs and 6% for carrying costs currently. Is this a good approximation? Also, what is the expected or desired profit from a wholesaler in this area? I am currently using desired profit for the flipper to be 20%. Is this correct? Thank you for your help.