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Updated over 8 years ago on . Most recent reply

Virginia Jones's profile image
Virginia Jones's profile image
Virginia Jones
  • Rental Property Investor
  • from Pulaski, VA
  • Member since Apr 22, 2016

User Stats

70
Posts
31
Votes
Virginia Jones's profile image
Virginia Jones's profile image
Virginia Jones
  • Rental Property Investor
  • from Pulaski, VA
  • Member since Apr 22, 2016
Virginia Jones
  • Rental Property Investor
  • Pulaski, VA
31
Votes |
70
Posts
Buying & Selling Real Estate

Closing costs too high?

Virginia Jones
  • Rental Property Investor
  • Pulaski, VA
Posted
I'm closing on my first rental property on Friday. The closing costs will be close to $5,000. (Secondary market). The one purchase price is $55,000. This seems like a huge percentage of the overall cost to be paying in closing costs. Is this typical?
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