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Updated over 6 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
Nathan Auclair
  • Rental Property Investor
  • Putnam, CT
2
Votes |
3
Posts

Cash to close -how do i minimize this?

Nathan Auclair
  • Rental Property Investor
  • Putnam, CT
Posted

I recently bought my first multi-family. I offered 7K above asking, minus closing costs. Still, I had to bring over 8k to the table for "cash to close". Is there anyway to mitigate the amount of cash you need to bring to the closing? I would like to move forward to my next deal, but I would like to hold to on to as much of my cash reserves as possible. 

Thanks in advance for any replies!

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