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Buying & Selling Real Estate

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217
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Brandon Ribeiro
  • Real Estate Broker
  • Philadelphia, Pa
88
Votes |
217
Posts

not enough money for closing costs AND down payment...

Brandon Ribeiro
  • Real Estate Broker
  • Philadelphia, Pa
Posted Oct 20 2018, 15:08

Hey BP, i'm looking to buy my first property and plan on house hacking it. The property is a 3 bed 2 bath in Manayunk going for 229k. It is fully rehabbed and in amazing shape- I know I can get 750 per room bringing the rental income to 1,500 covering the entire mortgage.


The only issue is that i dont have enough money for the closing costs and minimum 3.5% down... does anyone have any tips or advice for this situation?

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