First possible deal tomorrow and have a few ? About closing costs

[Joshua Lee Wegner]

Hi BP! Ok, so I have a property I think I can make a deal on tomorrow. I've had a few conversations with the owner and he's very motivated to sell. He and his wife (ex-wife now) bought this property a few years back for 20k, put some money into rehabbing but ended up not finishing it. His ex-wife is living at the property And in order to sell it he says he wants to make sure his ex has enough time to find a new place. Now to the questions. As far as the wife moving out, do I do a long closing period; 45-90 days? Or are there other strategies I can deploy? Another thing that I'm somewhat concerned with is the tax lien on the property, assuming I package that in to the ARV algorithm? ARV(.7)-repairs-fee-lien=moa? Also, all the studying and preparing for deals and I still am VERY confused about closing costs. Not sure whether I pay those or where exactly they come from. I am so grateful for this community and the time all of you spend on helping all the hungry beginners like myself. So let me just say thank you in advance for all of the guidance; along wIth the time you're sacrificing for us.

[Kevin Olano]

@Joshua Lee Wegner, DISCLAIMER: I have never done a wholesale deal, but this is what I’m thinking. Maybe I missed this; if it’s an assignment contract the end buyer will pay the closing. If you do a double closing, depending on how you set the deal up, closing could be 4-6%. You will also place earnest money down. Would love anyone else more experienced to chime in about other fees or cost.