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Updated almost 6 years ago on . Most recent reply
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Wholesale . Does End buyers offer include closing cost?
"Ello" I'm new to wholsaling and i have a question about the end buyers offer. I was wondering if the offer that you make to the end buyer, is closing fees added into the offer or do you send a offer and let them know about the extra closing fees?
110,000 seller offer
125,000 end buyer offer (does the 15,000 cover closing or does this go into your pocker?)
Not sure if im asking the question correctly.
Most Popular Reply
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Originally posted by @Grant Rothenburger:
@Krishonda Johnson, I have a good friend that does a lot of wholesaling in my area. He pays closing cost out of the fee.
He likes to do this because it makes everyone agree to use the title company of his choosing. He has a couple of title companies that he works with a lot and are well versed in dealing with these deals.
He claims the lost money from paying the closing costs is worth it because it allows him to close quick and focus on the next deal or another area of business, not getting held up with a title company that doesn't know how to handle these deals.
Ok thanks