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Updated over 4 years ago on . Most recent reply

Brian Sanchez's profile image
Brian Sanchez's profile image
Brian Sanchez
  • Rental Property Investor
  • from San Diego, CA
  • Member since Mar 1, 2019
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31
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Brian Sanchez's profile image
Brian Sanchez's profile image
Brian Sanchez
  • Rental Property Investor
  • from San Diego, CA
  • Member since Mar 1, 2019
Connect
Brian Sanchez
  • Rental Property Investor
  • San Diego, CA
3
Votes |
31
Posts
Buying & Selling Real Estate

title insurance for rehab costs from private lender?

Brian Sanchez
  • Rental Property Investor
  • San Diego, CA
Posted

Hey BP:

I am about ready to close in the next week on another property in Indiana.  It is an all-cash purchase.  However, I have a partner who is willing to cover the rehab costs of 40K.  I have the promissory note which states the loan for rehab is secured with the home as collateral.  My question is whether or not I have to obtain title insurance for the rehab loan?   Is that a thing?

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