Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

1,748
Posts
339
Votes
Ayodeji Kuponiyi
  • Investor
  • King of Prussia, PA
339
Votes |
1,748
Posts

Trying to Buy House & Not Pay Closing

Ayodeji Kuponiyi
  • Investor
  • King of Prussia, PA
Posted

My wife and I want to buy a house. We own a duplex free and clear. We rent a unit and live in the other. To maximize on cash returns and cash flow (as well as keep the wife happy) we are looking for a SFH. We found one but the questions are:

  • How can we buy a house using $5K as downpayment and having the seller pay closing cost? 
  • How can we get buyer's assistance even though we already own a property already? 

I'm not sure if there's any program in PA that could help. I'm thinking of trying Seller's financing but can't seem to find the numbr of the company that renovated the house. 

I suggested to my wife that we could refinance our duplex or get a HELOC to cover closing costs, but my wife thinks that having a mortgage on the duplex may hurt us in trying to get a loan for SFH. I understand where she's coming from so what are our next options?

Loading replies...