Re: possible purchase? Good or bad???


Look into the fees the bank is going to charge and any extras that maybe you don’t need by going private. You may save $5K or more there. Plus you can close in less than 30 days vs 60 to 90 days with a bank so figure in 2 mo of income in the mix.

Over all the difference is a small amount for your deal so the faster close may be the best part.