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Updated about 5 years ago on . Most recent reply
Inexpensive ways to escrow/title search in California
Hello-
I am looking at buying properties for $5,000 and assigning for $8,000.
Simple make around 3 grand per deal.
But my escrow/title costs are running a little over $2,000.
Which puts my acquisition fee at $7,000 (I told Seller I would pay closing fees) and making $1,000 per deal is not enough.
Can I do title search, title insurance on my own for the cheap properties?
Is there a title company that works on volume (i do a lot of these deals, and get a discount?).
Any advice is appreciated.
Thank you BP.
I am looking at buying properties for $5,000 and assigning for $8,000.
Simple make around 3 grand per deal.
But my escrow/title costs are running a little over $2,000.
Which puts my acquisition fee at $7,000 (I told Seller I would pay closing fees) and making $1,000 per deal is not enough.
Can I do title search, title insurance on my own for the cheap properties?
Is there a title company that works on volume (i do a lot of these deals, and get a discount?).
Any advice is appreciated.
Thank you BP.