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Updated about 6 years ago on . Most recent reply

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Nick Barber
  • Ypsilanti, MI
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“Hidden” fees when buying real estate

Nick Barber
  • Ypsilanti, MI
Posted

Hello all! Getting to the point where I am ready to buy my first real estate investment purchase. Just wondering what are some of the “hidden” cost or often overlooked cost when purchasing real estate that pushes the all in cost after closing above the purchase price of the property? 

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

Closing costs, property purchase taxes (taxed when buying a home, not the same as yearly property taxes), lawyer or notary fees, bank fees.

  • Theresa Harris
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