Skip to content
Wholesaling

User Stats

45
Posts
11
Votes
Rahdia Green
  • Wholesaler
  • Gaithersburg, MD
11
Votes |
45
Posts

Title company & fees

Rahdia Green
  • Wholesaler
  • Gaithersburg, MD
Posted Oct 23 2014, 09:28

Hello all, 

I'm new to investing and on my way to finding my first deal. I'm now looking for title companies to work with and my first meeting with an attorney didn't go swimmingly. As a beginner I've always been told to start with wholesale because it's the easiest and quickest way to make money and there is little to no risk. The attorney burst my bubble by telling me there will be transfer taxes I'd be responsible for specifically dealing with double closing. (something I didn't want to hear AT ALL). I'm a college student and don't have money to spend at all. Can someone explain to me if that's just in Maryland and/or just some title companies require both parties to pay that? At this point I'm just very confused about what fees I will and will not be responsible for. 

Loading replies...