closing costs in wholesale deal

[Frank McGovern]

This may be a stupid question but I really dont know the answer (I am a newbie). When you find an end buyer, does the buyer expect to pay the closing costs? If not, how do you pass the cost on to the end buyer? Any advice or input would be greatly appreciated. Thanks.

[Richard Warren]

If it is true wholesale deal (assignment vs double-close) the wholesaler does not typically incur closing costs. As a wholesaler you are assigning, or selling, a contract to the end buyer. The end buyer is responsible for closing costs incurred when completing the purchase. In a double-close situation both you and the end buyer would have closing costs.

:cool: