Owner carried the note with 50k down.

Banks also take into account carrying costs such as taxes, maintenance, etc as well as a discount referred to as REO stigma.

(I am assuming, as deed holder, you would want to carry insurance no matter what)4.

On one of the deals, the Seller is so motivated he is willing to offer a substantial carry back at the closing table in order to help me cover costs of financing and help buy down whomever I bring in to the deal.

We are borrowing 250k over 3 monthsWe just received their estimated settlement statement which seems to carry a significant amount of junk fees:Amount requested                                   250,000.00type                                                             2nd trust deedterms:                                                         no pre payment penalties after 3 monthsrate                                                             10%Points 1,75                                                4,375.00lender Underwriting                                795.00lender Admin                                            700.00lawyer fee                                                   1,000.00Escrow Fees                                                450.00title co Property Inspection Fee              75.00Notary Fee                                                  175.00Electronic Recording Fees to title co       20.00Lender Refinance Policy to Title co         1,032.00Endorsement - estimate to Title co         125.00Recording Fees to Title co                         75.00Deed of Trust Recording to title co         150.00total junk fees                                             $4597It is the first time we use a hard money lender, but to me 50% of these fees are avoidable and should be negociatedCould you guys give me your opinion about these terms and what are the fees you'd pay and wouldn't?

You'd have to prove gross negligence to get more out of him - though most/all inspectors do carry errors and omissions insurance.

You could have passive loss carryover's which would have to be carried forward to a year when you have passive income.The alternative argument is that if you capitalize and depreciate you would be subject to depreciation recapture when you sell the property.

Scenario 2:Owner carry tax implications.

Roy,Thank you for supporting us @ LandlordLocks.We do carry grade 1 product.

All PM's carry E&O insurance to protect you.