This can lead to "renegotiation" demands at the closing:(Other Potential Issues to Consider:Being in the chain of title is also exposure to potential legal issues.Selling an assignment may be a violation of a state's real estate statutes.Wholesaling w/o a real estate broker's license may violate your state's statutes.I'm sure there are more...

@Kay S.Assuming you are getting title insurance (which I recommend) the closing costs will be similar to a traditional closing.

Whatever you see fit, there is a lot of money for deals out there, the deals are harder to find. 

I hope you found someone and you were able to close!

If you're competing for a hot property or need to close quickly, fast closings can make or break the deal.

What I was referring to was that I know two private lenders who have the borrower complete the Deed in Lieu documents at the Closing of the initial loan and then hold them in escrow during the life of the loan.

What are some things I can do after going under contract to lower closing fees?

@Devin James My bet is on that they close. 

Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions?? 

Hi community,I just closed on my first investment property and it is a house hacking project.