Negotiating Closing Costs

[Lauren Goetz]

Hi guys! My partner and I are about to close on our very first investment real estate deal. We had a quick question regarding closing costs. We initially estimated closing costs to be about $3000, but our lender came back with their initial estimate at double that, $6000. There are so many fees listed in the loan details... $200 here, $300 there. You know the drill. Anyways, wondering if anyone has had success with having lenders waive certain fees or reduce them, and how they went about doing that. ANY input is appreciated :) thanks BP community! Lauren G

[Jordan Moorhead]

@Christopher Phillips completely agree. If you find something reasonable in the inspection it warrants asking but I always believe in asking for what you want for up front.