What Are Closing Costs? - Episode 403

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Today’s episode of Investing in Real Estate is sponsored by SCOTTeVEST. SCOTTeVEST is a clothing company that revolutionized the clothing industry with a very simple idea: people need better, smarter pockets! Learn more at http://morrisinvest.com/vest.

Whether you’re buying your first or 100th rental property, you’ll need to consider the expense of closing costs. On today’s show, we’re getting back to basics to talk about the fundamentals of closing costs!

You’ll learn about how closing costs can differ based on location, loans, and other variables. We’ll discuss what to expect, what can be negotiated, and much more! Please join us for episode 403 of Investing in Real Estate!

On this episode you’ll learn:

  • How investing closing costs can differ from retail closing costs.

  • What expenses go into closing costs.

  • The definition of initiation fee.

  • What a wet signature is.

  • How to get a free notary service.

  • What PMI tax is.

  • The importance of the Truth in Lending Act.

  • And much more!

Episode Resources
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If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.