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Updated over 1 year ago,
Is Closing Cost Funding Possible on Land Contract Deal?
Hello,
I am going into my last semester of my undergraduate degree and am REALLY trying to hit my goal of owning a cash flowing rental property before I graduate. I have been on this journey for about 3 years, and I had given up. Without the ability to get a traditional mortgage, I simply didn't have enough cash to buy a property. Then, I learned about all the amazing benefits of creative finance!
I have a deal on a duplex that is for $400,000. No money down, but I would have to cover closing costs of around $22,000.
What would be my best options for raising the capital needed, considering I have a credit score around 720-750 and only about $3,500 liquid cash?