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Updated over 6 years ago on . Most recent reply

Tomiko Graves's profile image
Tomiko Graves's profile image
Tomiko Graves
  • from Washington, DC
  • Member since Apr 26, 2018

User Stats

65
Posts
35
Votes
Tomiko Graves's profile image
Tomiko Graves's profile image
Tomiko Graves
  • from Washington, DC
  • Member since Apr 26, 2018
Tomiko Graves
  • Washington, DC
35
Votes |
65
Posts
Buying & Selling Real Estate

Due Diligence Fees - Good or bad??

Tomiko Graves
  • Washington, DC
Posted

Good morning!

Are due diligence fees customary when purchasing from wholesalers?  Should I be leery about paying since I don't get that money back?  Is a $2,000 DD fee reasonable on a $30,000 property?  The amount of work to get it ready for rental is about $15,000.  

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