Hello dear Biggerpockets community,
I am a newbie here. How much can you save on closing costs if a property purchased through hard cash/private money vs the bank? Many thanks in advance.
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So I made an offer for an off-market 10 unit property.We've been able to come to an agreement for a purchase price of $600k but the seller wants to net $600k.This is my first off-market deal, how much should I expect ...
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Putting 5% down on a $276k property in Kansas. No points purchased. $2,000 earnest money deposited. First time buyer, so trying to understand all the fees. As far as you’re aware, should I the buyer be covering all th...
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As a private lender, I'm suddenly getting a lot of requests for three things that concern me.
1. Lending the Downpayment (behind another hard money lender)2. Lending all the borrowers closing costs3. Lending funds fo...
Hi everyone,I’m looking for advice on how fund downpayment/ closing costs for rental properties to maximize the amount of units I can buy per year.Should I save the cash, use personal credit of line, home equity ( I o...
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House in Highland park, Ca. Hot area in Los Angeles. Going to get it under contract today. need a partner to cover rehab and closing cost. the purchase price is 419k and arv is 600k
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Hello BP community,I'm currently attempting to figure out how to accurately "guesstimate" the amount of closing costs for a residential property. I understand that closing costs include fees incurred by the title co...
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For those who've invested with REI Nation/Memphis Invest, I'm wondering how you calculate closing costs into ROI. On their pro formas, they don't appear to take them into account. If they can be upwards of $6k, does...
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The Truth About No Closing Costs Mortgages
You hear about them on the radio all day long. "We'll do your mortgage with no closing cost!" And you think to yourself, "Hey, that a good deal." Well you know what the wise...
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I read on a title company's website that the seller pays majority of the closing costs. I understand that this is the traditional way things go, but does it have to be done this way or can the buyer pay all closing co...