Ali Parvizad
Do you include prepaids when calculating closing costs?
Whats up everyone, Do you calculate Prepaids/escrows in your closing costs when calculation COC? Thanks, Ali
Everest Jordan
Closing cost sticker shock !! - $14k , this is real?
So I was given these numbers by my lender that set me up with my pre-approval letter:
Purchase Price - 350k
Down payment - 5% = $17.5k
Closing cost = $14k
Location of unit - Montgomery County, MD (zip 20874)
Is $...
Ashley Hughes
Are my closing costs too high on duplex?
Hi - I am in the process of buying a duplex. Listing price was $136K, but the seller accepted $120K. The property is a 4br/3bath. It has a deck, an under the house garage, and a finished basement. My credit score is 7...
Eliel Martinez
Back up on closing cost?? Good or bad
Is it bad to back up a day before closing?? I was expecting on the rehab some amount of money but a lot of things come out so the budget went up and up the most expensive is the roof, I'm sad to back up cause it was g...
Mark Thomas
Ontario commercial multi family closing costs and financing?
Hello! Does anyone have experience acquiring a multi family apartment building (7+ doors) in Ontario with a commercial mortgage? Trying to move up from single family homes but having a hard time figuring out closing ...
Pete Fiannaca
Do these closing costs look high to you?
Hey everyone. Quick question...Single family home purchased with a conventional loan. 4.5% for 30 years and 20% down. Contract price was $72,500 and mortgage amount is $58,000.CC, or "settlement charges" as my loan co...
Andrea Robinson
Question About Buyer's Closing Costs on Auction.com Purchase
Hi there! I have someone that won a bid on a property in Chicago, IL (Cook County) on Auction.com and is currently going through the closing process. The Purchase Agreement provided by Auction.com (which is not the st...
Jessica Force
How much do you pay for closing costs?
Looking to make my first home purchase. The plan is to house hack a multi family in Texas. We have $36K to start investing with. I'd like to get into our multifamily primary for maximum $10K including closing costs an...
Warren West
Insurance Costs Coming in Very High at Close
I'm in closing with a duplex that will be owner occupied. Was expecting the insurance premium to be much lower (mortgage broker was estimating $1.2k in paperwork). Just received some quotes and the yearly premium is...
Matthew Terry
What's with $2-$3K closing costs on proforma?
Hello BP Mates,In literally every proforma I look at for buy\hold or turnkey investment properties from companies that market a "hand hold" approach for investors, closing costs are estimated to be $2,000-3,000. Howev...