Who pays the closing costs when I lend you money?

In this post, I continue to provide you with sample answers to questions you will likely need to answer if you are raising private money to use with your own deals. Today, I will be sharing with you the answer to the Private Lending FAQ of: Who pays the closing costs when I lend you money?

Here is my answer:

Just like when a bank makes a loan, they expect the buyer or the seller to pay the closing costs. It is no different when you are the lender, either we as the buyer or the seller of the property will pay the closing costs.

As a private lender, you will never have to pay closing costs.

Until my next post,

James

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