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Updated over 7 years ago,

User Stats

6
Posts
1
Votes
Ben Raptoulis
  • Grosse Pointe, MI
1
Votes |
6
Posts

First 4-unit purchase with no realtors. Unsure what to do next

Ben Raptoulis
  • Grosse Pointe, MI
Posted

Greeting all,

I have just finished up a purchase agreement on a 4-unit fully occupied building that I will have to owner occupy because of FHA requirements (one unit is in the process of eviction.) I am in the underwriting process currently for my loan but am unsure of what steps I should take next to insure that I LEGALLY close this deal. I understand that I need to get it apraised, inspected and have all loose ends transfered to my name. Should I hire an attorney to oversee the deal? An accountant to advise me on how to legally collect my tennants rent money? Any insight will be greatly appreciated.

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