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Updated almost 8 years ago on . Most recent reply

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Austen Moore
  • Champaign, IL
1
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No-agent deal with family member. Need lawyer or just title co?

Austen Moore
  • Champaign, IL
Posted

I'm a true newbie working on my first REI deal, buying a property in Indianapolis currently owned by my father. We are trying to save money by avoiding an agent but should I be using a lawyer in the process or is working with just a title company enough? Thought some of the experienced investors and professionals, especially @Jynell Berkshire and other Indy-based folks, might be able to provide some advice. Thanks!

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Austen Moore , Go with a nationwide title company who's been doing it forever. Explain to them what you're trying to do, and they will walk you through the steps. No need to involve agents in a deal between you and your father - as long as you're both on the same page and neither of you feel like you're being taken advantage of.

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