Though the down payment and closing costs will not be huge, they will eat up a sizable portion of our savings.

Off market sale in the works with a closing date of April 25.

Sometimes you can also get the seller to pay some of your closing costs.

I executed my approval on the Commitment Letter and returned it to them to set up Closing.

I finally sell the property for $250,000 and I end up paying $15,000 for closing cost and agents commissions. 1.

The best case, and likely the most you could ask for, would be to cover the carry cost of the extended closing time.

Purchase price: $175,000 Cash invested: $43,383 This is the second of two units I closed on recently.

The good news is that once you gain some traction and close a few deals you can hire a VA to help at least make the initial calls and hand off only the sellers interested in an offer 

We initially were looking at 3-plex properties but they are mostly listed close to $650k.We saw and have interest in a 4-plex in Irvington, NJ listed at $700,000, fully occupied.

So you decide if you want to put it in the LLC or your own name.If you do it in your own name, and live there, you will be able to take a personal residence loan and qualify for loan programs that only require say 5% down + closing costs.