Danielle Duffy
Over asking to cover closing cost FHA loan
thoughts?
Quick question: I have the funds to cover the 3.5% FHA required down payment.
I would like to put in an offer on a home asking is 172,600.
Offer 180,000.
Seller pays up to 7,400 Closing cost (bank fees, etc...
Aaron Zike
Reasonable Closing Cost and Insurance Estimates in Tacoma?
New investor in Tacoma, Washington and we are running through a lot of analyses, but unsure of what to use for reasonable estimates for closing costs and landlord umbrella insurance policies. Just a reasonable range f...
Dustin Heiner
Repairs added into closing costs paid by buyer
Hi everyone,Does anyone have any creative way to pay for repairs for a property and include them in the closing costs?I am purchasing a property that needs work on the septic tank. The seller will not pay for the rep...
James Fisher
Closing Costs Question for REOs in Baltimore City
I understand that I'll pay 100% of the following costs if I purchase an REO in Baltimore City:State Recordation Tax ($10 per $1,000)State Transfer Tax (.5%)City Transfer Tax (1.5%)My question is in regard to whether t...
Linda Mandet
Seller paid closing costs on an investment property
Hi Everyone, is it true that a seller can only pay 2% of my closing costs on an Investment property? The seller agreed to pay 3% but our mortgage guy says only 2% can be paid by law.
Dennis Walter
Seller Financing Deal Advice & Closing Cost Questions
Hi,I am looking at purchasing a 5-unit property from an owner with seller financing in the state of Pennsylvania. The building is owned free and clear. Both the owner and I are unfamiliar with the process of being i...
Bobby Barlow
Approximate closing cost for cash purchase Freddie Mac?
Can someone tell me what expected closing costs would be on a Freddie Mac foreclosure on an all cash purchase price of 250000. Thanks in advance for help
Kevin Kim
Closing Cost for prepaid Property Tax (10 months)
Hello
I have closed my first investment property last Sep. Noticed my loan lender closing cost details shows they charged 10Months Property tax prepaid. My question is why do i have to pay 10Months property tax in a...
Dwight Cook
Can I use seller credit for closing costs?
Hey everyone, My wife and I are currently looking to purchase our first rental property. This is located in upstate New York. The owner of the property is selling the triplex we are looking at and a duplex right next ...
Jack Stewart
Ways to reduce or finance closing / escrow Costs
Hey BP gang, was hoping to purchase a house hack in the Baltimore area and just talked to my first lender. They informed me that the money I would owe would twice as much as I expected because I had not accounted for ...