All Forum Posts by: Robert Shepard

 Very dependent on the state and local jurisdiction, as things like transfer and recordation taxes vary greatly.  If the property is in DC, where you are from, then your estimate on closing costs is high by $5-10k.

Ill also note, you arnt getting any property in the DC area with a $460k price spread between acquisition and exit prices.

No closing cost necessary on this deal from the hard money lender. Closing cost is about 4% on the buying side and 8% on the seller side of the deal. 

Hey @Robert Shepard, welcome to the BP Forum! Are those closing costs inclusive of the costs charged by a Hard Money Lender?