That is why it is hard to get regular real estate loans on assets valued so low, the cost of the refinance makes it so you are paying higher than they can legally charge you percentage wise.

@John DavisCongrats on closing on your first investment property!

We came in low with our offer, but were willing to skip the inspection (which had already been completed before we offered) and stipulated that we would close in 20 days, which was super valuable to the seller.

They usually come with fairly steep rates and high fees/points at closing.

End of the day closing deals is what matters.

@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

(This is the only time it is legal to screen 2 applicants at the same time here.)

I've found that Chase has great deals (almost no closing costs) for 5+.   

Hey send me a DM, I have a closed ended second lien option for you that's a DSCR but I have to send you a questionnaire to make sure we can do it. 

Hi, does anyone have recommendations on investor friendly closing attorneys in Rochester, Syracuse, or Utica (or other area of Central New York)?