Closings for all cash offer

[Hal Cranmer]

Hi,

I have a duplex in a good area (I have several other rental properties there) that is $78K, needs about $20K in fix up, and currently has renters paying a total of $1900/month. The bank wants all cash and quick closing. Does anyone have some good advice on what to watch out for in the closing? I know I have to get title insurance, but can a regular closing agent handle all the other issues that might come up? I have never done an all cash deal like this. I am looking to flip if I can. Thanks.

[Don Konipol]

As long as you get title insurance it should make no diiference whether you purchase with financing or all cash, you do the same due diligence, the same decision making etc. Sounds like putting up significant cash is more of a psychological barrier for you then an actual closing issue.