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Updated about 11 years ago on . Most recent reply

User Stats

45
Posts
8
Votes
Lakeisha Alston
  • Real Estate Agent
  • Clinton, MD
8
Votes |
45
Posts

New To Investing - Possible Deal - Closing Cost Issue

Lakeisha Alston
  • Real Estate Agent
  • Clinton, MD
Posted

A friend and I are looking to jump into real estate investing, and we've come across a property that we are interested in.

The purchase price is $93K

Rehab $40k

ARV $215k

The problem is that we need $40k to close on the property. What could we do to obtain funding to cover the closing costs? I'm sure there is a simple answer to this question, but again I'm new. Any feedback would be greatly appreciated.

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