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Updated almost 12 years ago on . Most recent reply

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Mark Fetternaufer
  • Houston, TX
0
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2
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Typical Houston closing costs?

Mark Fetternaufer
  • Houston, TX
Posted

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

User Stats

521
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104
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Lyall Storandt
  • Licensed Real Estate Broker & Investor
  • Oklahoma City, OK
104
Votes |
521
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Lyall Storandt
  • Licensed Real Estate Broker & Investor
  • Oklahoma City, OK
Replied

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

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