I'm desperately searching for a financing option for my spec homes that will give me better terms than the 10-12% interest plus $10k closing costs that my current HML is giving me.I tried doing buyer-financed, but they haven't been selling very well (although I really haven't waited long, I'm just impatient).

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

You could essentially find a home with low equity, pay for the closing costs and take-over a 2%-5% loan, saving you hundreds of dollars every month!

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

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

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?

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?

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.