I am new and, looking to make an offer on two houses. I was wondering if i plan wholesaling these, and assigning the contract or doing a double closing, should i figure in closing cost for my investor when i make my offer to the seller. or should i let the investor worry about?
As a wholesaler you need to make sure that it’s still a “deal” for the investor you are passing the deal to. Generally speaking if there is a 25% spread plus rehab costs between what you offer to the investor and his realistic arv when he goes to sell you should be ok. For more info see this post which is entitled: 10 Ways To Struggle as a Wholesaler/Birddog
http://www.wcrt.com/phpBB2/viewtopic.php?t=1440
Thanks for the response! Thats what I needed to know. You were a big help!