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I just got a quote for a loan on a triplex. Purchase price is $140k, and the quote lays out each line item that I'll be charged for.One of the lines says "Investment Property Fee - 2.125% - $2,231.25I haven't seen thi...
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I own 3 rental properties and am doing a1031 exchange on one. What closing costs can i deduct from this exchange? I want to keep accumulating carry over losses but am having trouble finding information about this.
ev...
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When using the BRRRR calculator, is it best practice to include prepaid homeowners insurance and prepaid property taxes paid at closing in the 'Purchase Closing Cost' section? For example, when using conventional fin...
When you do seller financing with a pre-foreclosure property.. who pays for closing costs? You or the seller? If you, does it mean you have to pay like 9% closing costs? (the sellers closing costs + the buyer's closin...
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Hi everyone,
I am closing on my first rental property in Indiana and this is the closing cost details that two lenders sent me. The property is $85000 and I am putting a 25% down payment on it. The total closing cost...
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is it required to use an real estate agent when selling a property. I am selling a house I purchased FSBO to my son. And how much is reasonable when using and agent to just draw up contract and HUD-1.
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Is there a rule of thumb for calculating the closing costs of a SFR or Small-Multi Family property (when purchasing)? 1%, 2%, or 3% of purchase price?
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Hi, I am interested in purchasing a coop in New York City. Can anyone give me an idea about closing costs and taxes related to co-ops? I have only purchased a home in NJ prior to this.Richelle
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Hello BP,What are all the expenses related to purchasing a co-op in New York City? I know there is a down payment of course, but about what percentage of price is closing costs? And are there other expenses such as a ...
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Are there any programs or grants to assist in the closing cost area of purchasing a home, and if so, are they contingent on anything?