Making bad financing decisions can wipe out your profits and turn a good deal into a bad one. So can paying too much for closing costs or getting ripped off by a bad loan officer.
When you buy real estate as an investment, remember that you’re the person who makes everything go—or not go. Realtors and loan officers get paid commissions when you close a deal. Attorneys make money from you, and so do appraisers and title insurance companies. Suddenly everyone is after your business, and this can be overwhelming. That’s okay; they’re trying to make money just like anyone else.
But remember that once your deal closes, all those people go back to doing every single day what you may do occasionally. Loan officers close loans every day, and ...