All Forum Posts by: Paul Anthony

Also, what percentage ARV when dealing with those high prices... 80%?

For areas where the median home price is over $400,000, how much profit do investors look for on deals when buying from wholesalers? I'm thinking like $50,000, right? I'm aware that closing costs and holding costs will also be much, much, much more expensive. I just want to know what to look for when I'm wholesaling on the west coast. Thanks!

I need to put a release of interest fee on the sellers side of the closing statement. The amount will be $30,000. It's for allowing a seller to get out of his contract with me, the original buyer, so that he can sell to another buyer. I am concerned, however, that this may cause a problem with the new buyer's lender. I am aware that lenders don't like to see assignment fees charged to the buyers. (Now that I think about it, this may have some merit because a friend of the buyer could claim a $10,000 assignment fee and the buyer and his friend could split the "fee" for quick cash.) However, what about a release of interest fee on the sellers side of the closing statement... would the lender care?