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Updated over 6 years ago, 06/28/2018
Buy home 1st investment property
So I have a opportunity to buy a small home just over and 900sqft. The home was inherited from a uncle who passed away. I’ve only purchased one house and the real estate agent handled all the paper work. So I’m not sure where to begin. I could most likely pay cash for the house, so I would like to know what things I should do.
Do I contact a title company to do the paper work?
The cash is coming from my mother who would be my investor.
The home is selling for 75% off it’s ACV(according to the owner) does need some work, but I haven’t looked at the property yet. Waiting for the owner to give me a time to go.
I’m just looking for any suggestions and help on how to get my foot in the door and not lose the property IF after I look at it decide it’s worth the investment.