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$9k for closing costs??? Lender / Broker Questions
So I'm going through escrow right now and realized I'm pretty sure I'm overpaying for the closing costs. I'm being charged $9,071 and through research, it says that it's usually $3.5-7.5k. The house was $90k. Is this ...
Eloise Reese
Unsecured LOC closing cost, what’s too much?
Hi BP Community,I’m trying to get money for my real estate investment business. I’ve never done a LOC before and I’m having an issue determining if this is a good deal or not. The broker is quoting me a 6.25% variabl...
Alex Young
Flipping: How to cut closing costs - Illinois
Hello all,Flipping in Illinois has its pros and cons. Cheap market, but the fees/additional soft expenses drive me crazy, and you always see them at the VERY END!I have flipped 25+ single family homes right outside of...
Tyler Resnick
Estimate Closing Costs on Wholesale Cash Deal
What closing costs should I include in my pro-forma if I were to purchase a wholesale deal with private money? Trying to estimate this because the seller has requested the buyer pay all closing costs.
Haider Zaman
Closing Costs in a Lease Option Deal
Hi everyone,Hoping for some Lease Option help. Could you tell me who pays the closing costs in a Sandwich Lease Option deal? Is this generally discussed when the contract is initially being discussed or when the ten...
Mallikarjun Murag
Primary converted rental, closing costs(including refi's )
Hi Nicholas Aiola and all experts on this thread,thank you all for your time and great inputs you provide to BP members!I purchased my primary home in CA in 2004, refinanced it 4 times, latest refinance was in 2012. C...
Kanwar Sodhi
Popular Rule of Thumb for closing cost?
Hello real estate professionals, do you guys have a rule of thumb for closing costs? I was thinking 5% of sale price, please advise otherwise. Thank you
Natalie Czajkowski
Are my Michigan Closing Costs too high?
Hi BP team - Newbie here, in process on my 2nd SFH. 1st one is in IL, this one is in metro Detroit with a new lender. FSBO, 30 year loan for $132.9k @ 4.875%. Closing costs line items are different from one lender to ...
Rob Rey
Typical closing cost on a Cash Deal ???
A Bank owned property
I will be paying cash
Massachusetts
Does anyone know what closing cost I will be looking at .
Question , who does the closing . who picks this person ?
I will balk at any ridiculous fees, su...
Ryan M.
Fannie Mae & seller paid closing costs
I've submitted an offer on a Fannie Mae (FM) owned property and I had requested seller to pay 2% of the closing costs. FM is countering and my broker is telling me that FM does not allow seller paid closing costs ...