Ronnie Sparrow
Assignment fee increase for closing costs
I am puzzled by what this buyer wants me to do. I have a wholesale deal under contract with X as the buyer. He has been telling me that he is the end buyer for the last two days know. So I meet him at the title compan...
JJ Cole
Closing costs mess up Cash return.
I typically buy houses worth 110-140K for 65-80K (cash) and then spend 8-15K on rehab before renting the out for 1150-1250/month. When I cash out refi. I end up have to pay $4k in closing costs on a 80-90K loan. Is th...
Michaela Manco
NACA? 0 down no closing costs?
Has anybody used NACA before for financing? I am interested in purchasing a multi family property to house hack. I am not a first time home buyer so unfortunately I’m. It eligible for many of the down payment assistan...
Tereal Wilsonn
Nervous About VA Loan Closing Cost
These Closing cost seem a little weird if anyone could shed some light on what i looking at would be great, this being my first mortgage, im second guessing everything, and input would be a great help ,thank you
Benjamin Wiles
Closing Costs (50k vs 200k Properties)
Hi All, I've seen where some estimate closing costs as 3% of purchase price. I bought a $200k house and it was in this ballpark. I was looking at a $50k foreclosure, and wondering if this rule of thumb applies to home...
Lorraine Patterson
Closings cost on an investment property....
Hello fellow BP’s, I’ve been pre-approved for $200k loan, but closing costs seem a bit high, does $16,000.00 in closing costs makes sense, the bank officer at Quicken Loans said the closing cost on investment properti...
Carmen Pellegrino
Typical closing line items and costs
I probably missed this in previous posts but wondering what are typical line items/costs for closing. Looking for the "Items you can shop" section guidance. I understand the origination fees, taxes and insurance. Its ...
Paul Watkins
Categorize closing costs in accounting software
From down payment, to deed recording fees, to lender's title insurance, I need to know the correct way to categorize the line items of a HUD-1 statement. I realize most costs aren't tax deductible or capitalized, I'm ...
Steve N.
Closing Costs - Can These Be Reduced?
My bank sent me a closing costs estimate. This is for a conventional loan of $142,000 30 yr. 5% interest.
I am wondering if there are any costs that can be negotiated down, i.e., any charges they add that may...
Haider Zaman
Closing costs in a Wholesale deal
Hello BP family,
To all my expert wholesaler friends, I have a question regarding the closing costs when wholesaling. Who usually pays the closing costs when you are wholesaling properties (the wholesaler, seller or...