Updated over 5 years ago on . Most recent reply
First cash purchase
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.