Closing Wholesaling Homes

[Kalen Jackson Carson]

Hey everyone just want to know basically what are all included in closing cost on a home im potentially wholesaling.

[Bruce Lynn]

@Clark Inskeep    I don't really wholesale.  I either Flip or B&H.   Wholesaling can be a little tricky for realtors in the traditional sense.  I am happy to answer any questions for you.   My thought for all wholesalers, but doubly for licensed realtors is you need to be able and willing to close on the properties you put under contract if you can't turn them for some reason or your end buyer backs out and can't close them for some reason.   Otherwise you can be in a world of hurt in some cases.  Some wholesalers don't care...and maybe they just walk away, but as a licensed agent you have a fiduciary duty to the seller...so that is something you also want to discuss with your broker...if they want you doing this.   It can also create some conflicts of interest in my mind.....you're trying to buy at a discount, while wanting to sell it at a higher price and you keep the difference.  If you do this, is it best for your or best for your client?   If you can sell it quickly to someone else for a higher price, why didn't you do that for the client?