All Forum Posts by: Account Closed

Thank you.  I also reached out to the title company that helped me with a transaction in Memphis last year and this is what she wrote:


An estimate on closing on a cash purchase is as follows:
Service fee $745.00Recording fee (County fee and tax) is $20.00 plus the sale price times $.0037 Title Insurance (Stewart Title) cost is $200.00 plus $4.00 per each $1000.00
An example on a $50,000.00 purchase is $745.00 + $205.00 + $400.00 = $1350.00.
Please call for more information or we can help you estimate costs on specific properties.

Thank You-
Kris S. Van Eaton
Law Office of Leonard E. Van EatonTitle Assurance & Escrow, Inc.8121 Walnut Run, Suite 200Cordova, TN 38018

Great info.  Thank you all for sharing.  

Thanks guys.  That's great info.  Both of you are close enough together to give a good ballpark so I can do the quick analysis.  Thank you for your replies and and specific info @Jeff Copeland

Hello, using the BiggerPockets calculators, I'm trying to quickly evaluate properties to buy for cash to even see if they make any sense. The one area where I'm stuck is estimating Purchase Closing Cost when using the BiggerPockets calculators.  Is there a ballpark % of the purchase price that is conservative enough to basically cover all the closing costs that are typically involved in buying a property for cash?  I've been using 4% but not even sure if that's close.  Any help estimating would be appreciated.  Thank you.

@Andrew Schultz I've heard good things about ZipRecruiter, SnagAJob and JobCase. If you've already tried linkedin and indeed (which everyone else has and has recommended to you below), then maybe take the road less traveled.

Have you tried any of those 3?

Right.  Thank you.  Yes @djdietz , You feel the same pain I do.    With hundreds archived, paging through is not efficient.  At least, I'm not missing some search function some place.  Thank you for your reply.

@Elliot Fuller have you found property managers in the area to help validate the rents?

Hello, new to BP. I've already evaluated 100 properties using the BP calculators and now I'm going back to look at some that I've already done.  Is there a search function I'm missing or is the only way to find old reports is by paging through a few at a time?

Thank you.

@Michael Ablan noted. Thank you for your help

@Michael Ablan thank you. That was my guy feeling too but I've never done a cash out refinance before. Do you like the lenders you're using? If so, may I have their information? Is that okay to ask for in the forums?

Hi there,

First time posting on the BiggerPockets forum. I have been investing since 2007 and have 3 rental properties left with good equity in them. I'm looking to use the BRRRR method and buy a bunch more properties over the next 2 years. In raising cash, I'm considering do a cash out refi to pull some of the equity out of the current 3 rentals. The rates on the 15 year loans on those range from 3.7 - 4.2%. Doing some quick research a few days ago, it appears that cash out refi rates are in the MID FIVE PERCENT range with no points. Is that your all experience or should I keep looking for other lenders? Thanks for your help and feedback.