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Updated about 9 years ago on . Most recent reply

User Stats

27
Posts
3
Votes
John Barnes
  • Investor
  • Palmetto, FL
3
Votes |
27
Posts

How to buy a portfolio without massive closing costs

John Barnes
  • Investor
  • Palmetto, FL
Posted

Hi, we own 4 properties in Florida. Even for a $50-100,000 loan, closing costs here are still $5,000+.

Trying to figure out how people acquire 50 to 100 rental properties without paying hundreds of thousands in closing costs. Our goal is somewhere in that range.

There must be some sort of line of credit/blanket loan or some type of product that we are not aware of. If anyone can enlighten me that would be great. 

thanks,

John

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