How can I avoid costs doing L/O? - Posted by Tom Balderree

Real Estate Investing
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Posted by Tim Fierro (Tacoma, WA) on February 23, 2002 at 22:06:48:

I am sure it has occurred to you now, that everything is negotiable. :slight_smile:

Try to get the seller’s to pay for all closing costs or contribute to it. For the buyer, have them pay all the closing costs or hike the price up a bit to cover your expenses. You might net a few more thousand by negotiating a little harder with the sellers; and the buyers.

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How can I avoid costs doing L/O? - Posted by Tom Balderree

Posted by Tom Balderree on February 23, 2002 at 21:49:25:

I have been reviewing Ron Legrand’s L/O course and I have done a couple of deals. My question is how can I avoid closing costs? Can the seller and my future buyer absorb the costs involved with closing? The way I have been doing it is, I do a L/O contract with the seller and then another with the tenant/buyer. At closing I pay my half of the closing with the seller and then close with the buyer and am charged again for closing costs. There must be a way to avoid paying these costs and have the original seller and future buyer pay.
Thanks for your help.