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Updated almost 6 years ago,
What's the maximum Commercial loan Sellers credits in New York
I'm trying to get this deal financed. I need to deposit $125K and the bank would carry $300K Mortgage. This property needs about $75K in repairs. Can I increase the purchase price and get the seller to give this to me at closing as part of the down payment? Can I also have the seller pay all my closing costs plus repairs to get up to the $75K? What're the rules on these types o credits? 🙏 Thanks, Biggerpockets!