I can get pretty creative with the financing from holding a second up to 20% to offering cash back at closing in the form of prepaid rent if necessary.

My agent in AZ told me that insurance companies HAVE to refund you a prorated part of the prepaid premium when you cancel a policy.I have tried Allstate and State Farm.

If he can't find help that way.......try Pre-Paid Legal.

I also am an proud entrepreneur and Manager with Pre-Paid Legal Services - a service I believe every investor should have to help protect their assets and their families as a result.

Usually 6 months interest if prepaid in the first two years.

In residential properties, investment and personal residence, most lenders will allow up to 3% of the sales price to be contributed towards closing and pre-paid expenses by the seller. there are some with higher amounts, some with none, and if you get into commercial it's a whole other ball-game!

Items such as points, attorney fees, appraisals, credit reports, prepaid interest, homeowner's insurance, title insurance, and reserves the lender collects for future taxes and insurance.

I thought I did pretty good when I just picked up a Duplex a couple weeks ago that was listed for $359,900 and I got it for $345,000 plus the owner is paying $5,000 towards closing costs and pre-paids plus two pages of work on the place that was caught during the home inspection.

First, I would subscribe to Pre-Paid Legal.

In fact, our closings are also Construction Draw #1, and all borrower pre-paid items (architectural, survey, engineering, etc.) are drawn down at this stage and either credited to borrower equity requirements, or paid to the borrower.New Construction/Substantial Rehabilitation Insured Loan Program offers more favorable terms than traditional two-step construction and permanent financing.