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Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
0
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Austin Nelson
  • Property Manager
  • Louisville, KY
0
Votes |
7
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$30K financing or pay in cash?

Austin Nelson
  • Property Manager
  • Louisville, KY
Posted

Looked at my first deal today. My offer for the single family house is $30K. I am trying to finance it but having trouble finding lenders willing to do it for that low. The ones that do have closing costs that are in the $5K range. It will put me strapped for cash for a month or two but is it worth just paying in cash to avoid the costs? Plus may be a selling incentive for the owner?

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