Closing Costs
Are the closing costs higher for a double-close? Do wholesale transactions cost less because there is no mortgage investigation involved? What is the typical closing cost run for a standard wholesale flip deal?
If anyone has any insight into closing costs in Philadelphia or would like to recommend a title agent, I'd appreciate it. Thanks.
Yes, and Yes.
YOu are paying title insurance, recording fees, etc twice.
why do you need title insurance if you are only holding the property for a few minutes?
Find a good title company and ask what will be the least you will have to pay when doing a double closing and why?