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Updated almost 5 years ago,

User Stats

19
Posts
3
Votes
Edgar Rodriguez
  • Rental Property Investor
  • Los Angeles, CA
3
Votes |
19
Posts

How to get closing costs credit for an investment property?

Edgar Rodriguez
  • Rental Property Investor
  • Los Angeles, CA
Posted

So I am buying my 2nd investment property. It is a sfh in Council Bluffs Iowa. I made and offer asking for 5% closing costs from seller. Well we are a week from closing now and my lender just told me that towards an investment property the seller can only give me 2%. I already made the deal, how would you handle this? Has anyone had this problem before?

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