Craig Sweeney
Closing costs covered limited to 2%?
Hello all. I was just told by a lender that I am using (Keller Williams) that seller concessions (closing costs) can be no more than 2% of the loan since it is a rental property. Has anyone heard of that before? I had...
John Huynh
Chicago: Multi Unit Closing Costs Estimate
Hi everyone,I see some people are estimating 3%-5% for closings costs. I am trying to calculate the closings costs for multi-unit properties in Chicago. Any advice on how to estimate the closing costs? What are some f...
Todd Solberg
Seller paid closing cost. Detailed question!
I noticed that the seller paid closing costs were not on my disclosure document from my lender. Does the title company collect a check or do I need to have the loan documents updated to reflect those seller contributi...
Arthur Banks
Closing costs when buying seller financing
I'm looking at acquiring a free & clear property via seller financing. What are the costs associated with this type of transaction?If I need to include more detail, please tell me.Thanks in advance.
Leo B.
Are these allowable 1031 Closing Costs
I'm in the middle of purchasing replacement property as part of a 1031 exchange and am trying to get some clarification on allowable closing costs that can be paid by the 1031 proceeds. My 1031 company sent me a list...
Jay C.
Understanding Closing Costs on a Refi
Hi all,I'm looking to refinance and I just want to understand the Closing Costs and Cash to Close details. The estimate of the Closing Costs and Cash to Close are wildly different in the Closing Disclosure that I'm lo...
Marcus Welson
Seller Closing Costs Review and Options
Background:Miami-Dade Condo property.I am a first-time seller.No mortgages or loans on my property.Standard Florida Realtors Association / Florida Bar AS IS Purchase Contract.Buyer in default on various provisions and...
David T.
"Commissions paid net of closing costs"
For the benefit of simplifying matters, lets address the issue on the basis of an average close of $200k per property deal.Between agents fees and buyers closing costs (around $4k) and other stuff tacked on the the cl...
Ben M.
Closing costs in a wholesale transaction
What all are common items included in closing costs on a wholesale transaction? Which items are usually the seller's closing costs and which items are the buyers even though in most cases the buyer pays both closing c...
Mo Muigai
How to refinance without closing cost
Newbie here. We just purchased another home and are renting our first home from 2/1/20🥳. our first home has some cash that we’d like to pull out and obtain a rental property leaving it at 20% to avoid PMI. How can we ...