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I am in the process of purchasing my second investment property. I have asked for a credit in closing costs to remove the inspection contingency. The seller has indicated they would prefer to reduce the sales price ...
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I have several units already and just purchased my first SFR as a cash deal. I was under the impression cash closings are a lot less expensive than traditional closings. The purchase price was $45K and I agreed to pay...
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On total 244,000.00$ loan, lender is asking me for total of 37 000$ cash. 8000$ will go to down payment, and 29 000$ is closing cost. Is that normal?
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Can someone help me figure out which closing cost fees I can reduce or eliminate? Here are all the fees I'm seeing:Loan Discount Fee - Seriously, *I* have to pay money to get a *DISCOUNT*? What kind of discount is tha...
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I have been working on purchasing this property since October 2019, then covid happened so I waited to negotiate more and was able to bring it down additional 60k. So the purchase price is 700k. I finally found some p...
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Hello Fellow Investors,
After several years of studying REI, I've finally made the leap of faith by taking ACTION and placing an offer on my first rental property. The property is a single family home with an existin...
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When purchasing an investment property, is it possible to pay the down payment and closing costs with a business credit card?
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I was told by my loan processor I can obtain a tax receipt from my original loan company that shows I paid some type of taxes when i first purchased the property, so I don't have to pay again. Is this true and what is...
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Is it normal to roll closing cost, and escrow into refinance loan?
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Hey BP,
I'm new to real estate investing, and wanted to get some opinions on closing costs.
I have already bought and sold a primary residence, prior to really getting into doing it as an investment. Made a profit, ...