What are the Real Costs Associated with Wholesaling a Property?

[Brandon Sturgill]

And who typically pays...closing costs? title fees? title insurance? surveys? etc. etc....

[Bill Gulley]

John, guess you just wanted to post something.

Costs are split by local custom, need to get with a Realtor or title company/closing agent to break down buyer and seller costs. You don't add costs in your offer to a seller and you need to consider seller's costs when selling.

But, in wholesaling, unless you are closing and taking title, you don't even have to go to closing much less pay costs as the deal is between the seller and your buyer and you step aside, simply assign your contract, collect your fee. You could attend closing to get your fee, but you aren't the buyer or seller, if you don't take title.

Both of you guys seem totally lost, I suspect you jumped right into the wholesaling thing like most without a clue as to the fundamentals of RE, your life will be much easier if you back up and learn the basics instead of doing what many try to do and jump for the immediate dollar in some deal. Sooner you learn from the beginning the sooner you'll be making money. :)