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Updated over 7 years ago on . Most recent reply
First multiunit purchase: need advice
I am about to purchase my first multiunit (triplex) property after being a dormant real estate investor for the past 10 years. I currently have three single family units and have had them since ~2005 (first purchase). I am purchasing this upcoming deal from a wholesaler who wants to assign the deed using a quit claim deed. I am insisting on title insurance and a quick close in approximately 15 days. There is a detached garage that I believe could be converted into a studio apartment. I have done a visual inspection and all seems well but what else am I missing? Oh yes, the unit is fully occupied. Should I use a closing attorney or is the title insurance company? This is a non-traditional purchase and close.