Hello, my husband and I closed on our first rental property in Woodbury, New Jersey.

Closing Costs (Asset)CR.

I don’t follow the national sceme closely.

What about closing costs? 

I am trying to obtain and generate additional income, and expand my portfolio, and am seeking advice on some decisions and choices I need to make to help to accomplish this. 

So, wait to close after May6th. 

Plus I pay a referral fee too realtors that can be close to the commission of what you were going to make selling it traditionally.  

She might be referring to transactions that don't reach the closing table due to the buyers' fault, and then they would refer someone they trust to close.

You would want to work closely with your CPA or a good 1031 company to nail down the timing of it all. 

@Steve Saenz - This depends on your state (I'm in NC); however, the first time I did a private lender funded deal, I had the same attorney who was handling the closing, also write-up the deed of trust and note for the private lender.