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Updated over 8 years ago,

User Stats

24
Posts
6
Votes
James Beam
  • Investor
  • Louisville, KY
6
Votes |
24
Posts

Closing on an all cash deal

James Beam
  • Investor
  • Louisville, KY
Posted

Hi Guys, 

I currently have 4 commercial rentals that I purchased last year that houses my business (purchased from my old landlord). I obtained a commercial loan for that. However, now, I have the cash to purchase some SFHs with cash and am a little unsure as to the process. With a commercial loan, my realtor and myself would submit an offer, then, when accepted, I would simply contact my financing. They set everything else up for me and simply sent me the HUD statement, and told me where to show up for closing with the certified down payment.

But now, when i get an accepted offer, who do I contact to move the process along (since I don't need my banker).   Do I call a closing attorney? title company?

Any advise would be great!

Thanks

James Beam

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