Updated almost 7 years ago on . Most recent reply
Seller finance property AND closing costs?
I found a multifamily property that is open to owner financing the entire property, 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?
Example - Seller agreed to finance 600k deal
Closing costs - 18k
New agreed upon price is 618k (18k over list price) because they are paying closing costs
Deal will still cash flow
What other methods are there to solving this issue?
Thanks
Jon
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
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Whenever a seller offers 100% financing, they are trying to make their problem, your problem. With no cash reserves, vacancies, repairs and major repairs will kill you.