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Updated over 14 years ago,

User Stats

153
Posts
17
Votes
Hal Cranmer
  • Real Estate Investor
  • Lakeville, MN
17
Votes |
153
Posts

Closings for all cash offer

Hal Cranmer
  • Real Estate Investor
  • Lakeville, MN
Posted

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.

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