.$10,059.86 for closing costs and prepaids ?!

Buyer’s closing costs shall be prepaid as a portion of the Option Fee; and closing costs will be paid as defined in Exhibit A.

If you do rent to them, I would require them to pay me 2-3 months of pre-paid rent.

I see them with prepaid phones that end up costing more because they're not responsible enough to have a normal phone plan like the rest of us.

Maybe BP should try a Pre-Paid legal RE attorney?

A 360 k house here would have about 4 k closing cost not including prepaid property tax.

If you do it would be so little as to not be worth the effort. lt is a terrible investment as a flip, there is negative profit margin.On your tax question...when you buy you will need to refund the sellers pre paid taxes as part of your closing costs..

Hey Austin I actually got the guests from airbnb it was the other property owner through vrbo who had a place they couldn't stay at because of the conditions - when they left after one night the owner said he would repay the other nights they had pre-paid but he never paid them - they are just asking me if there is a mechanism on vrbo for them to file a claim for their money back - I told them I would ask since I've never dealt with vrbo - so if anyone has any advice I can pass on it would be greatly appreciated.

@Brent CoombsFrom https://www.fanniemae.com/content/guide/selling/b2...The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).Sorry for the confusion.

loan amount: 80000Origination charges:3pct points: 2400processing fee: 850underwriting: 300Services you cannot shop for:appraisal: 510credit montoring service: 7credit report: 15flood determination: 11flood life of loan: 5life of loan tax service: 55tax certification fee: 18services you can shop for:title search: 225lenders title policy: 531closing fee: 550title survey: 400title examination fee: 150taxes and prepaids: recording fee: 207transfer taxes: 1107Home owner's insurance: 1740property tax: 257Optional:title owner's policy: 140total: 10059So 10000 bucks on an 80000 loan?