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Updated almost 6 years ago on . Most recent reply

User Stats

28
Posts
10
Votes
John Kwon
  • Poughkeepsie, NY
10
Votes |
28
Posts

What other preparation do you do before closing?

John Kwon
  • Poughkeepsie, NY
Posted

I am in a contract for a REO duplex with 30 day closing. I just finished inspection and number of repairs need to be address.

Issues such as water drainage around the foundation, repaving the parking lot, and routine interior rehab are on the list.

I already got quotes from contractors for several big repair jobs. We crunched our number for materials, labor, etc.

Also spoke to my bank to refi (this was cash buy) after 4-6 weeks of closing and getting paperwork ready. 

I am currently waiting for title, municipal, lien search, etc to come back for due diligence purpose.

I just wanted to know that others did in before closing.  Do you guys do anything else until closing date? (besides looking for more properties?) 

JK

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