Cash At Closing!
Iam just trying to think of the ways to come up with cash at closing.
1.Have an agreement with a seller and have the purchase price at higher than agreed and get the difference from the seller after closing..Iam sure this is being done but how does it affect the tax liablity of the seller?
2.Have a deeply discounted property and get it LTV which puts cash in the pocket..
Are there other ways of getting cash at closing?I am looking for the creative ways to get money at closing ...So please help with suggestions 
Have participated in the folowing methods:
1. Credit at closing from seller for repair, closing costs, extras
2. Loan was 75% of appraised value and appraisal was higher than purhcase price.
3. Earnest money was larger than cash required by loan transaction.
4. Deposits for rent exceeded cash required for loan transaction.
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Gregg Fous
Investor/Developer
"Under-promise and over-deliver"[ Edited by GFous on Date 01/13/2004 ]