Looking for Tips on Creative Financing/Negotiation

[Asa Dewitz]

I’m looking to buy first deal, it is a off market duplex for 55k. The bank I have reached out too, is asking for 25% down because it’s an investment property. He is estimating closing cost of 6,000 that includes survey, appraisal among other things which I thought sounded high. Because me and my partner will be putting 25% down the bank is allowing us to roll 6% if purchase price into the loan so 3,300. This leaves me and my partner to split the other 2700 portion to close. Capital is not an issue but just keeping as much in our pocket is obviously nice. I’m looking for tips and ideas on how to negotiate with seller as well with bank to keep more money in my pocket for security. Haven’t talked with seller about possible owner finance yet but do not believe it will be something they are interested in. If anyone has any tips on what to pitch to bank and especially the seller to keep more money in my pocket. Thank you for any responses. Any questions to help better answer my question please do.