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Updated almost 10 years ago on . Most recent reply

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Aundra Fields
  • Philadelphia, PA
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Wholesale real estate

Aundra Fields
  • Philadelphia, PA
Posted

IQuestion:Is it true that in Pennsylvania, If someone wholesale a property, and the amount that the wholesaler is making off the deal is disclosed up front,Does the wholesaler have to pay a double closing fee?

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Duane Ortega
  • Transactional Funder
  • Neptune, NJ
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Duane Ortega
  • Transactional Funder
  • Neptune, NJ
Replied

@Aundra Fields

I know several investor friendly title companies in PA that can do double closings.  You can call them and ask them any closing related questions so that way, you hear it from the horse's mouth.  PM me if interested.  Yes, if you close twice, you have to pay 2 closing costs.  However, you can just account for that in the numbers you ask for.

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