Using less cash to close on investment
I'm sure this topic is beat to death but here I go. I own 4 SFR properties that I purchased using conventional mortgages with 80% LTV. I am not a great deal hunter. In fact I pay a premium to purchase excellent cash flow properties (rent double PITI). The cash required to buy a 250k house is 50k down payment plus typically 15k additional closing costs (3mo taxes 2k, 12mo. insurance 1k, loan fees 6k, title 2.5k, lawyer 1.5k, additional fees and other 2k). I am dying to lower the amount of cash needed to get these deals done but I do not know what that may be. Are there any methods of rolling in closing costs with the mortgage, or having the seller pay for them as part of the deal. Can I negotiate with the seller to put money toward the equity portion of my purchase? I have enough cash on hand to purchase right about 4 more of these deals, but would love to stretch it to 5 or 6 if possible. Does anybody have any strategies that can help?!?! Thanks