Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 12 years ago on . Most recent reply

Typical Houston closing costs?
Been a few years since I bought or sold anything resembling real estate so I'm trying to get my numbers down.
Last time I wholesaled a property, my deals looked something like this:
ARV $100,000
Repairs $10k
Profit $10k
Cover sellers closing costs (2% of ARV) $2k
MAO $48k (assumes all in max is 70%)
I'm looking for the little things I always forget about. Extra fees to do a double close, typical closing costs, anything I'm missing?
BTW - this is my first post on BP, been enjoying reading here for a few months now - good stuff!
-Mark
Most Popular Reply

Mark Fetternaufer Tuan Dang Hey guys, I'll shoot you both PM's regarding your questions.