OfflineI have read in Dean's books and heard people state they have received a check at closing. I don't think it's at sale because that would be obvious (sell for more than you purchased for), rather I think it refers to closing of a purchase. How is this accomplished (various ways I imagine)?
Thanks!
Ralph
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"I smoke in moderation.
Only one cigar at a time."
Mark Twain
You can often ask for cash back from the seller (concessions). Also, another very common way to get money from closing when you purchase is to over finance properties. For example:
You have a house worth $100,000.
You are purchasing at $60,000.
You get financing for $70,000.
This type of financing can be done with private financing such as hard money lenders and / or private financing. This type of financing is usually NOT available from conventional financing such as the banks and mortgage brokers.
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