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Updated over 10 years ago,

Eric Brown's profile image
Eric Brown's profile image
Eric Brown
  • Real Estate Investor
  • from Fairport, New York
  • Member since Jul 27, 2014
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2
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1
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Eric Brown's profile image
Eric Brown's profile image
Eric Brown
  • Real Estate Investor
  • from Fairport, New York
  • Member since Jul 27, 2014
Connect
Eric Brown
  • Real Estate Investor
  • Fairport, NY
1
Votes |
2
Posts
Private Lending & Conventional Mortgage Advice

Property owner holding mortgage

Eric Brown
  • Real Estate Investor
  • Fairport, NY
Posted

I'm new to investing and Bigger Pockets so if this is a stupid question please forgive me.  I'm investing in Rochester NY area. Looking for my first deal. 

If a property owner is willing to hold a mortgage note, with a balloon payment in 12 months while I rehab, do I as the buyer still have about the same closing costs?

-Eric

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