You’re going to pay 10T in closing costs to sell.

Now that being said, most companies/attorneys dont do a double closing in NJ because each party needs to bring their own money.

Work closely with a lender to learn more about your financing choices and investigate various loan programs that may be available.

I'm still pretty new here but I thought buildings with 10+ units had to have a live in super, or one living really close by?

In all fairness, I did ask for a lot of quotes but did not close on properties since they were not cash flowing.1 Can some one let me know what should one be looking for in an insurance?

Also, per their numbers they are buying for 37 mil, debt 24 mil, equity 20 mil, 44mil minus 37 price = 7 million in closing costs, which is 35% of the total equity, RE commissions of say 4% total 1.5 mil so they are taking 5.5 million in fees up front as well minus the inspections/loan fees etc.

Main goal is minimizing risk with it being our first property but was able to obtain the house for 40+% less than listing price due to our cash offer and able to close ASAP.  

Every State/County has a DPA program and you also have CHENOA as well that can help with both down payment and closing costs.Feel free to reach out if you have any questions I am always happy to help or talk REI.

If you are looking at homes $850k-$950k, you would need $212,500- $237,500 + 6 months reserves and closing costs if you are looking to use a Hard Money Loan. 

Since we had successfully invested close by in neighboring Mexico, it made sense to at lease have a look at it.