To finance closing costs or not? that is the question...

To finance closing costs or not? that is the question...

Kingston, WA · Member since 2018 · 26 posts · 9 votes

Should I finance $16k of fees or just pay it?... It only adds about $200/ month to my P&I, but I could just pay it. Thoughts? 

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  • Real Estate Agent · Naperville, IL · Member since 2013 · 402 posts · 177 votes
    8y

    @Melissa Lee are you still cash flow positive by adding in the $200? If so, I don't see any issue with financing them in and letting the tenants pay it..... $16k is another down payment! 

  • Kingston, WA · Member since 2018 · 26 posts · 9 votes
    8y

    thanks @Josh Mitchell. Yeah, I decided to finance the fees. Its still cash flow positive and since its a refi can only claim them over the life of the loan ;)

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