Closing costs on wholesale

[Deshawn Jackson]

I’m planning on doing a double closing on this property , but I don’t know how much that would take out of my profit ? Does this vary from transaction to transaction? And if so , how do I determine the closing costs? 

[Jay Kennedy]

In my experience it’s been 1.5% - 2.5% of the purchase price. If you’re going to do a double close expect to double it. So, between 3% - 5% would be a good number to keep in mind.

The best way to find out though, would be to call the title company, escrow, or whoever is doing the closing. They can tell you the exact costs.