First Duplex Purchase? Help
Should I get the seller to pay all closing, or offer $50,000 only if property appraises for $60000 and then finance $55000. Using the $5000 to pay all closing costs, and money leftover for small repairs. Duplex rents for $775 total. How would seasoned veterans due this?(some seasoning is good)
All parties in question would know everything up front.
This site is awesome and I really appreciate any replies, in advance.
Anyone looking for property in W. Texas, I could help. A lot of rehab property here very cheap, and some nice commercial rental property.[ Edited by oncelost on Date 03/03/2005 ]
I am no longer in Seaside, need to fix that. I am not sure which is the best way. 1)Finance for $5000 more than paying seller 2)Or if I get seller to pay all closing, I will offer more on purchase price.
Thanks
Any advice appreciated...anyone ever had experiience with this?