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Pennsylvania Real Estate Q&A Discussion Forum
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Updated almost 6 years ago,

User Stats

57
Posts
21
Votes
Paul T.
  • Investor
  • Fairfax, VA
21
Votes |
57
Posts

Wholesaling in PA and double transfer tax

Paul T.
  • Investor
  • Fairfax, VA
Posted

This has been asked a few times on this forum before, but I want to get fresh knowledge or experience: When you wholesale in PA, do you have to go through a double close, thus deal with a double transfer tax? This is significant because there is a 2% transfer tax in PA.

The best suggestion I've seen so far is to record an option with the seller, then have your end buyer pay you a "release fee" for you to unencumber the property. See the comment here https://www.biggerpockets.com/forums/93/topics/403...

Will that work? What do wholesalers do here?

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