Pulling of successful BRRR

[Sid Bobba]

Hello folks, here is my story. We recently bought a property under market value at 80k, put in 15k repairs, rented, and refinanced at 115k. My main question and I would like to get input from experienced people is about closing and refinancing cost. We almost paid close to 4k for closing and then about 5k for refinancing (with underwriting and appraisal fees). We lost close to 9k just in transactional costs!!!!! That seems to be a lot to me.

Is there any thing that we could do better? What are others doing, is this common?

Thanks,

Sudheer