When I told him what I planned to regarding wholesaling real estate, he said he did not see a source of liability clear enough to issue a policy for.

No title policies, no access, cashier's checks on the spot, etc. etc.

So I would make the claim that all businesses pay zero tax.

Seems now a days it's getting very rare to find a foreclosure where this isn't their policy.

You want a policy that protects you.

We'll know more tomorrow when we receive word back from underwriting on the title policy.

The buyer will need thier own insurance policy or binder at closing.If you have an agent, they should give you an estimate of closing costs, if you are not represented, call a title company as to closing expenses.

Failing to estimate propertly can kill your profits, for example: if you estimate a house will sell for $120K and you plan on making $20K, you will be left with zero profit if the house is actually worth $100K.2) Underestimating rehab costs: this is the one I see over and over again.

My insurance policy is a fire an casualty policy, that DOESNT cover wrongful evictions etc.

The policy requires a 4-pt inspection on the property and I have found that the electrical box needs to be upgraded.My question is can I or should I make this repair prior to the closing so my policy can start on the closing date or should I wait to close?