Posted by jj on September 09, 2003 at 13:36:34:
Get seller to pay most of the closing cost except the taxes, hazard insurances and interest.
Hope that helps.
JJ
mygenesis@hotmail.com
NEWBIE HERE I NEED HELP - Posted by Anthony
Posted by Anthony on September 09, 2003 at 09:14:19:
Hi, I was wondering if I get financing on an investment property and I have no money of my own how do I pay for the closing cost and other fees if I have no money. THANK YOU.
TRY OWNERFINANCING - Posted by Sharon
Posted by Sharon on September 13, 2003 at 08:49:17:
Anthony,
If you’re dealing with a motivated seller try and get he or she to carry all the financing which means holding a note like a bank with attractive terms for you and the seller. And seller agreeing to pay the closing cost and other fees associated with the deal and get it in writing with a purchase contract.
If you need more information on how owner financing works, and how to protect you and the seller in the deal, check the archives and do a search on this subject.
Good luck to you.
Sharon Jones
Real Estate Investor
St. Louis Missouri