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Updated over 7 years ago,
Closing Costs for wholesale????
I found a property off the market and the seller was motivated. Right now the agent that the seller is using put together a PA and I asked if the sellers are paying the closing costs. The sellers and agent know I am going to assign this property, so he told me to talk with my group of investors that I'm going to assign this to (which I do not have an official buyer yet) about what I should do for closing costs.
My offer: 310,000
Rehab: 30,000
ARV: 425,000
I was wondering if anyone could help me out on what I should do next in this situation? How much are closing costs going to be for $310,000 all cash?
Any advice would help.
Thanks!