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All Forum Posts by: Mark Fetternaufer

Mark Fetternaufer has started 1 posts and replied 2 times.

Post: Typical Houston closing costs?

Mark FetternauferPosted
  • Houston, TX
  • Posts 2
  • Votes 0

While you're at it, any recommendations on a competent central or west side title company that will handle double closings (c-b then a-b) in-house. Contact info would be great.

Post: Typical Houston closing costs?

Mark FetternauferPosted
  • Houston, TX
  • Posts 2
  • Votes 0

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