I bought a rental unit in 2014 where I negotited a seller paid closing cost credit (fixed dollar value) at closing. I am going thru the HUD-1 now figuring out what can be added to basis etc and I'm not sure how to handle the seller credit. Since the seller paid most of my closing costs, do I lose the ability to add the Title Charges to my basis ?
Thanks in Advance for any help!
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing