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Author Topic: calculating closing costs  (Read 1978 times)

Offline adayatatime

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calculating closing costs
« on: June 10, 2007, 10:15:41 pm »
when working the numbers for a wholesale deal how are buying and selling closing costs calculated?
« Last Edit: June 10, 2007, 10:28:25 pm by adayatatime »

Offline fadi

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Re: calculating closing costs
« Reply #1 on: June 10, 2007, 10:56:20 pm »
as a wholesaler, not sure why you want to calculate closing costs. In general, it is about 5% of the purchase price.
Location: San Antonio, TX
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Offline adayatatime

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Re: calculating closing costs
« Reply #2 on: June 10, 2007, 11:14:52 pm »
just thinking as a rehabber when i do the numbers so Im sure its a deal they will want

Offline fadi

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Re: calculating closing costs
« Reply #3 on: June 11, 2007, 02:48:10 pm »
Most rehabers want 65% to 70% of ARV - repairs - your fee, which would allow them to get HML. They are usually buying using their own cash, private money, or HML. They do not have the usual closing costs that conventional borrowers do since 90% of the lenders will not lend on such houses.
Location: San Antonio, TX
http://www.fadizeidan.com - All About Marketing Blog - A Must Read

 




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