All Forum Posts by: Daniel Paloscio

@Devante Henry closing costs are typically outlined on the PSA. If not, title/escrow may defer to what is customary in your state. Your title/escrow company will be able to get you an answer for that question very quickly though.

Side note; a lot of wholesalers like to include paying for the sellers closing costs as part of their offers. Doing so makes it much easier for sellers to calculate how much they will take home after closing and it makes your offer more competitive. You can easily pass these costs on to your end buyer so it’s a great way to provide more value to your seller without spending any more money.

@Tomaya J Smith no I mean if you want to send me a private message I will share the title companies contact info with you. I’m not sure if I am allowed post it in the forums. I’ll send you a pm now.

@Anthony Harper we fund a lot of deals for wholesalers at PV Settlement. Our contact over there is Sophia, who is awesome. They are very investor friendly. I’m happy to share contact info or make an intro if you want to shoot me a pm.

@Sydney George we have funded lots of deals for wholesalers with Sophia at PV Settlement. They are awesome and really understand the investing/wholesaling side of real estate. They are our go to title company in PA. I’d be happy to share contact info or make an intro if you want to shoot me a pm.

@Amani Abdel-Dayem we are currently funding lots of deals for wholesalers all over Jersey. I would definitely say this is a viable market. NY & NYC aren’t as great of markets for wholesalers because they have some stricter laws surrounding disclosure and closing which make it a little more difficult to operate there.

@Anthony Harper Orange County in which state?

@Kris Copeland what state is your deal in? Typically when you have a single closing, both buyer and seller with see the same hud. So even if your assignment fee is showing on the buyer side, the seller may see it.

An alternative option would be to use transactional funding and do a double closing. By doing a double closing the seller won’t see what you are selling the property for and the end buyer will not see what you are buying the property for. It is a great tool to use when your assignment fee is large and you want the deal to close smoothly.

@Tomaya J Smith we have a funded a few deals with Rich Rosario at Land Abstract & Escrow. They are familiar with wholesaling and investor transactions. Happy to share their contact info if you want to shoot me a pm.

@Irene Hunter We close lots of transactions in PA and would love to work with you. Check us out at DoubleClose.com and our 5 star reviews on google.

@Minouche Fenelus We have funded dozens of closings with OSN Texas. They are awesome and really understand the investment side of a closing. They are very comfortable processing assignments deals and double closings. Im happy to share contact info with you if you want to shoot me a pm.