If you buy a property for $80K - you will need to put atleast 10% down towards the purchase price ($8K) PLUS closing costs such as lenders fees, title fees, and insurance and tax costs.

Originally posted by @Collin Schwartz: I would love to check out Thomas Pickets, book what is the title? 

If the property can't close in December, what steps must I take to get my EMD back from the title company?

Now I sell for $50,000 thru a title company. 

Title is in her name. 

They also will recommend “lenders”, “banks” “closers” “agents” and title company who they 100% are getting cuts from AND EVEN OWN without disclosing that information.

There were several issues with title and it was obvious they wanted to get quick cash. 

You mention going on title and taking over the loan - is there an existing mortgage?

Carrying costs in purchase and or rehab is financed, cost of capital on refi, re-recording, title, updated insurance, etc. their are many costs at play after initial funding then to transition long term unless your straight cash on the front end.

Say the wholesaler will profit $10k for assigning the contract to a buyer, and needs $2k EMD, then the gator will pay the EMD to the title company, and it is written in the contracts to the title company that the gator will get a profit of $1k, and their $2k will be returned to them.