Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
Is it possible to wrap closing costs into rental property
Is it possible to wrap closing costs into rental property mortgage?
Some loan estimates I've been getting requires an extra 5k plus taxes and escrow to have at closing.
25% down payment plus 8-10k additional to close is adding up a little fast making me sweat LOL
Most Popular Reply
@Dale Miller
Yes. "Up" the purchase price (assuming it'll appraise a little higher). Use the extra cash for closing and down payment.