tag:blogger.com,1999:blog-33399132.post38398895939168259..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: Means and mediansRichard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33399132.post-57294501067328835372012-11-19T03:10:02.786-08:002012-11-19T03:10:02.786-08:00When using a repair allowance, you inspect the pro...When using a repair allowance, you inspect the property and determine what needs to be done in repairs. You add up the cost and have that money given back to you at the closing.<br />Doing this gives you money for closing that you wouldn’t have had. You can use this money for a down payment. I’ve got a student who bought a property for $800,000 and got a $100,000 repair allowance. Not only did <a href="http://vimeo.com/36758681" title="David lindahl scam" rel="nofollow">David lindahl scam</a> use that for his down payment, he did some repairs that needed to be done immediately. He’s planning on using the rest as a down payment for another property!Anonymoushttps://www.blogger.com/profile/03157123148198604033noreply@blogger.com