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Updated almost 6 years ago on . Most recent reply

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Joe Prew
  • New to Real Estate
  • Pawtucket, RI
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How can we avoid paying double the closing costs

Joe Prew
  • New to Real Estate
  • Pawtucket, RI
Posted
If I understand the BRRR method correctly, the first purchase will require a closing cost and then when we refinance the deal, we pay the closing cost again, is that correct? Or is it, that if we pay cash for the house the first time, there is no closing cost which means we only pay closing cost on the Refinance of the deal?

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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
1,722
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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
Replied

You need to talk to your Title escrow officer what is optimum.

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