Lenders that cover closing costs?

[Brandon Gamblin]

Hello everyone!

I'm interested in buying a property. The thing is, I don't have the money for the closing costs. I think its a lot to be able to come up with that type of money when you don't have access to it, and you know the property that you want to buy is a great deal. Unfortunately I don't have money just laying around in an account somewhere to be ready for closing. 

Does anyone know of any private money or hard money lenders that roll the closing costs into the loan?

And to all the creative and genius investor minds out there, what's the best way to handle a situation like this when someone wants to buy a property but just doesn't have the conventional means (Good Credit and Money in an account) to go through with the purchase?

[Jay Hinrichs]

Brandon,

If your new to this just a word of warning finding lenders on Social media of any kind you will run into all kinds of folks . especially those that say they can do loans with no money down and lower rate than you would expect etc.. and then the next thing out of their mouth is your approved just need to send us a fee up front .. usually by zell or one of the other pay apps.. these are 99.9% fake lenders looking to rip you off.

reality is no experience ( if that is your situation) No money which you said you dont have any there simply are not legitimate lenders that will make these loans.. lots of frauds out there so just be cautious if someone says they can do the loan .. thats fine the only thing you should pay for is an appraisal . And no money should go directly to the lender.. all funds if any are required up front need to go to the escrow company or closing attorney whatever you have in your market your looking to buy in..  Just sayin the internet and social media is full of pump and dump fraudulent lenders so be cognizant of the red flags and dont hand over any money.