closing cost

[Jim Chung]

newbie here, just  hoping to close first property.. the mortgage is 90K, but the lender are charging with everything including transfer 2% tax fee to almost 13%. is this normal closing out? the property is in phillies.  is there other option than spending $12,000 closing out for $90K mortgage. please help

i was reading that if you ve $100K, rather to paid in cash for one, it is good idea to put 20% down and get 5 properties...but the closing cost/ and all those loan fee, wouldnt it kill the cashflow?