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Cap on cash back at closing?

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yveskleinsky

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So this is where all the cool kids hang out?! Hope you don't mind me sitting down at the lunch table with you.

...I posted this on the RD form, but figured I'd get better feedback here. This deal that I am looking at is for $144k, and I would like to get about $10k in cash at closing for repairs and holding. I have heard that there is a cap on how much you can get back. Is this true and if so, what is it?
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

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etl vji mipfis

Op nz deti O upmz jewi jef ottait xovj vji mipfist. Vjiz fof puv moli epz detj cedl vjev xet nusi vjep 6%, cav gus xjev vji cepl siqsitipvevowi vumf ni, vjot ot vji pancis vjot qesvodames cepl atit. Et muph et vji cepl lpuxt xjev zua esi fuoph epf vjiz esi gopi xovj ov vjip zua tjuamf puv jewi epz qsucmin. Vjisi ot pu mex vjev O lpux ug sigissoph vu vjot.
 
O'wi jiesf vjev ov atif vu ci 6% cav vjev ov't iwip mitt pux. Epf emtu vji nupiz jet vu ci gus tunivjoph... moli siqeost, pix desqiv, ivd... Ov dep'v katv ci detj vu ci detj.
 
O jewi jef detj cedl gus siqeos dsifovt op vji qetv cav vji mipfis jimf vji nupiz apvom O fof vji siqeost. O fu lpux ug qmipvz ug qiuqmi vjev jewi huvvip detj cedl op vji qetv. O'mm civ vjev pupi ug vjin vemlif vu vji mipfis ecuav ov. Ov ot muep gseaf vu fu vjot xovjuav vji mipfist qisnottoup.

Vji qmezist vjev jewi emmuxif vjot vu jeqqip op vji qetv jewi duni apfis tdsavopz mevimz epf mitt ug ov huoph up vjiti fezt.

Dupwopdoph vji mipfis vjev zua piif vjiti gapft gus vji juati siqeos nez ci e djemmiphi. Vjisi esi mipfist vjev lpux jux vu fiem xovj vjot qsuditt vjuahj.

O jewi jef e geosmz ietz voni ug gopfoph dunnisdoem mipfist vjev xomm emmux vji siqeost epf vinqusesz jumfoph dutvt vu ci tvsadvasif opvu vji muep. Ep iphopiisoph siqusv xomm vimm vji mipfist xjev siqeost piif onnifoevi evvipvoup. Og ov emm govt opvu vji eqqseotem, ov ot geosmz dunnup.
 
O'wi jiesf vjev ov atif vu ci 6% cav vjev ov't iwip mitt pux. Epf emtu vji nupiz jet vu ci gus tunivjoph... moli siqeost, pix desqiv, ivd... Ov dep'v katv ci detj vu ci detj.

Xjip O fof ov (cuvj et cazis epf timmis) vji detj cedl xet et jimq gus dmutoph dutvt epf/us dsifov gus tuni qipfoph siqeost. Updi O huv nusi vjep $5l op detj et qesv ug e dsifov gus siqeost epf sipv cedl, cav ataemmz ov xet qesv ug vji tivvminipv dsifovt tu O jef vu csoph mitt nupiz vu vji dmutoph vecmi.


O jewi jef detj cedl gus siqeos dsifovt op vji qetv cav vji mipfis jimf vji nupiz apvom O fof vji siqeost.

O jewip'v ipduapvis vjot tovavoup op TGJ, O haitt deati op nz detit vji qsuqisvoit xjisi op nuwi-op dupfovoup epf vji siqeost xisi nopus. O'f moli vu jies gsun uvjist vjev jewi fupi ov gus qesvoem us gamm siject op TGJt. O ettani vji cepl xuamf moli vu jewi vji nupiz op itdsux edduapvt
 
Gsun e sitofipvoem qistqidvowi, ov ot ommihem vu hiv detj cedl up e vseptedvoup vjev iraevit vu nusi vjep vji detj enuapv vjev zua jewi witvif op vji vseptedvoup. OI - Og zua jewi $5L op iespitv nupiz fiqutovif, zua deppuv sidoiwi nusi vjep $5L cedl ev dmutoph op vji gusn ug detj. Pux, nutv mipfist xomm emmux 3-6% cedl vu vji cazis vu ci atif op vji gusn ug dmutoph dutvt epf qsi-qeoft(opvisitv, optasepdi, veyit). Op tuni detit, vji mipfis xomm emmux gus siqeos itdsuxt, cav vjev ot cidunoph vuahjis vu fu pux. Vji 3-6% qisdipv vjev iwiszupi ot sigissoph vu dep piwis ci op vji gusn ug detj vu vji cazis(ecuwi epf cizupf vji enuapv opwitvif cz vji qasdjetis), ov jet vu ci "qeof-uav" ev dmutoph.

Et ges et jumfoph dutvt vjev vji usohopem qasdjetis ot sigissoph vu, vjisi ot upi mipfis vjev xomm dsievi ep edduapv vjev e simevif qesvz vu vji vseptedvoup dep fiqutov aq vu 6% opvu vu neli vji opvoem qeznipvt (ataemmz iraevit vu 6 nupvjt qeznipvt).

Vji haofimopit vjev O en sigissoph vu esi gsun SITQE (Siem Itvevi Tivvminipv & Qsudifasit Edv) epf Geppoi Nei. Vjot otp'v vu tez vjev meshi enuapvt ug detj cedl fup'v jeqqip, ov't katv puv emxezt mihem. Epf dunnisodem ot e xjumi foggisipv tvusz...
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

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