That could be as high as $14K to $15K not to mention Title fee's, origination fee's and days of interest another $7K to $8K.If you choose a lender or broker and they hit you with lender/broker fee's/points that’s another added cost.My best advice as a Banker is reach out now get a Pre-approval letter up front and give the Bank an idea of what neighborhood or a "mock" address and you can get an actual quote up front to avoid surprises.

If you find the conditions or terms of the lease are unacceptable I will allow you to be released from our lease agreement .

Looking for a few more to shop terms, origination fees, etc.

They may counteroffer or request modifications to the conditions outlined.Documentation: Ensure all parties sign and agree to the terms of the offer in writing.

Negotiate terms like purchase price, down payment, interest rate, and repayment schedule.3.

We would likely look to rent out Long term or Mid term.

Our focus will be long term buy and hold multi family units.

What is less clear is will the current pricing hold or will the prices fall to be pre-Covid price plus CPI (likely in the mid $50k).  

"Who really knows, we thought life was completely over when Covid hit and it was the best years in terms of growth.😂 LolThe market ebbs and flows.

We assisted with many of these during low rate environments where the loan was planned as a very long term option.