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Updated almost 7 years ago on . Most recent reply

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Jon Mark
4
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35
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Owner financing the note AND closing costs?

Jon Mark
Posted
I found a mutilfamily property that is open to owner financing the whole deal, but I do not have any money for closing costs Is it possible to add the closing costs to the note the seller will be holding, if the seller pays closing costs? What other methods are there to solving this issue? Thanks Jon

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1,339
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
650
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1,339
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
Replied

Not to be negative, but asking the seller to finance the deal and pay closing cost is not a good idea. It shows that you are probably not capable of holding on your own when it comes to monthly payment.

Before I go all too negative, how much is the owner financing? 100%?

  • Simon W.
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Accounting Properties LLC
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CFO LLC

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