investment financing

[Shelly Scruggs]

Is it true that down payments, closing costs, or prepaids can never be rolled into purchase price of an investment property?

[Albert Bui]

Originally posted by @Shelly Scruggs:

Is it true that down payments, closing costs, or prepaids can never be rolled into purchase price of an investment property?

That is true you cannot roll them in on a purchase however there are ways around it like increasing the price and indirectly ask for the difference in price increase as a seller closing credit which in effect is "rolling," into the purchase for your closing costs and prepaids.

Down payment - can never be rolled into the close.

I am sure there are ways around it but that would require me to put on the investor cap and take off the loan officer cap.