All Forum Posts by: Mike Conner

I just wanted to say Hi, I'm a new member and have been gobbling up all the info I can find on this site and going through the podcasts which are great btw. Currently I own 2 duplexes (4 units) for buy and hold and am hoping to acquire more properties soon. 

One thing I have never been able to find a clear definition on (as it seems to vary from each person) is what are closing costs specifically and what parts can be written off in taxes. I see people saying they purchased a house and closing costs were $1,500. Total at closing each time for me was around $5,000 which included escrow, but even with escrow removed on a $100k house closing costs were $3,000 ). Where do daily interest, escrow reserves, title charges, appraisals, home inspections, transfer taxes fall??