First cash purchase

[Reggie Rearden]

I'm purchasing a sfh through my LLC using all cash and without using a realtor. I'll be doing the BRRRR strategy on this property. The primary question I have is regarding the contract. I'm getting such a sweet deal that I was paying all closing and legal fees. Is this how cash purchases generally work? This is located in South Carolina.

Purchase price: $45K

Rehab: $15K

ARV estimated to be around $120K, on the low end. I got this number from another sfh I own in the same neighborhood that just appraised at $120K with comparable specs.

[Reggie Rearden]

@John Hovanec the property is paid off. This is an off-market deal that one of our bookkeeping clients brought us. The seller knows literally nothing about REI. I just told her we'd take care of the contract and closing costs. We have a local credit union we use for our LLC SFH's.