Updated over 7 years ago on . Most recent reply
Can I ask seller to pay my 1st year mortgage taxes & insurance?
Hi,
Currently in the due diligence process of my first acquisition. As is, I will be inheriting a 1 yr lease that would result in negative cash-flow for the period. If, however, I'm able to have the seller pay for my 1st year's mortgage taxes and insurance, I should be in the clear. Is this a reasonable concession to ask for? Thereafter I plan on increasing rent, but I'm adamant about making this deal work with the current tenant for the first year.