Updated over 6 years ago on . Most recent reply
Wholesaling in PA and double transfer tax
This has been asked a few times on this forum before, but I want to get fresh knowledge or experience: When you wholesale in PA, do you have to go through a double close, thus deal with a double transfer tax? This is significant because there is a 2% transfer tax in PA.
The best suggestion I've seen so far is to record an option with the seller, then have your end buyer pay you a "release fee" for you to unencumber the property. See the comment here https://www.biggerpockets.com/forums/93/topics/403...
Will that work? What do wholesalers do here?