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Updated almost 2 years ago,

User Stats

18
Posts
4
Votes
Brad T.
  • Investor
  • Langhorne, PA
4
Votes |
18
Posts

Double Close Confusion

Brad T.
  • Investor
  • Langhorne, PA
Posted

Hi Everyone, 

New to BP & Wholesaling and hoping someone can help me understand the double close strategy a little better. I get the general concept.. but struggling to understand all the fees. 

So from what I gathered, you will end up paying two sets of closing costs (A to B, and then B to C).

Questions-

As wholesalers, we also cover the seller's closing cost to make the offer more appealing. So.. are you paying 3 sets of closing costs to get the deal done?

In Pennsylvania, typical closing costs can be anywhere from 5%-6% of the sale price. So would I need to factor in 12%-18% of the sale price into the deal to cover 2 to 3 sets of closing costs? Or am I way off base?

Sorry if this is a dumb question.. Still learning. I just can't wrap my head around the fees.


Thanks in advance.

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