So I’m in process of closing my 1st deal in East Texas (White Oak). The price of the home is 175,000 we have $4000 paid by seller for closing. It’s a 30 year FHA loan with 3.5 down. I’m using a mortgage broker. What s...
I have a question about paying costs.
Transactional Funding states that they pay closing costs. Are they refering to buyers closing costs, sellers closing costs,when I purchase property from sell...
So, if I'm looking at a $220k MHP, plan to finance 75% - what can I expect to pay in closing costs? Is there a ballpark percentage I can plan on?
We are first time investors. We are trying to do everything without using personal capital. I’m trying to get recommendations on how you guys handle closing costs and other up front costs. We have our first deal se...
Sorry for the duplicate post...I currently have a home under contract in Baltimore and I first off just wanted to thank everybody that I've spoken with personally or have learned from on the forums.
I was wondering ...
Hey everyone,
I hope everyone is staying healthy so far through 2021.
I have a question about commercial property closing cost.
The property I am looking at is currently owner occupied by a florist with the bus...
Morning BP, I am refinancing my multi-family and the closing cost are being included in my loan, is that something my accountant can depreciate over time or write off all at once on my 2021 taxes? Thanks
Hello Everyone!
Long time lurker first time poster.
I am not sure if this is the right place to ask this. But I am looking into buying a condo. This would be to live in so it wouldn’t be a rental property. I am look...
I am looking at buying a large commercial building in Minnesota for about $6 million. I am putting together a model for the purchase and wanted to be sure there aren't any costs I am leaving out. Is anyone familiar wi...
Hello everyone,
I currently have a duplex under contract for 42k. I will be putting down 20% ($8400). I got a closing cost estimate from my loan officer for $5700. That seems really expensive for a 42k property, alm...