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Updated about 11 years ago,
Seller assist for investment properties?
Hi everyone,
I am currently looking to buy my first investment property. The property which I'm looking at is a duplex and I have just enough to pay 25% down payment. However, it seems like there will be about $10k in associated closing costs (tax escrow etc).
I'm not sure how I will come up with the closing costs. I heard that seller assist is capped at 2% for investment properties. Is there any other way to have the seller assist me with closing costs/down payment?
Owner occupancy is currently not an option for me, so I will definitely have to go with an investor mortgage...
Any other suggestions on funding the closing costs?
Thank you!