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Updated almost 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • West Hills, CA
2
Votes |
10
Posts

Ballpark % of Closing Costs for Cash Purchases?

Account Closed
  • Rental Property Investor
  • West Hills, CA
Posted

Hello, using the BiggerPockets calculators, I'm trying to quickly evaluate properties to buy for cash to even see if they make any sense. The one area where I'm stuck is estimating Purchase Closing Cost when using the BiggerPockets calculators.  Is there a ballpark % of the purchase price that is conservative enough to basically cover all the closing costs that are typically involved in buying a property for cash?  I've been using 4% but not even sure if that's close.  Any help estimating would be appreciated.  Thank you.

Most Popular Reply

Account Closed
  • Rental Property Investor
  • West Hills, CA
2
Votes |
10
Posts
Account Closed
  • Rental Property Investor
  • West Hills, CA
Replied

Thanks guys.  That's great info.  Both of you are close enough together to give a good ballpark so I can do the quick analysis.  Thank you for your replies and and specific info @Jeff Copeland

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