Hello Dana, For that purchase price in Brooklyn, NY, you could be looking at considerable unknown expenses at this point.If the property is occupied, you'll have to factor in attorney fees and holding costs while you wait to gain access to the property.Furthermore, you could be facing additional costs related to title issues: open permits, violations, liens, judgements, etc.

As for the Indianapolis market goes, I imagine a RE attorney or Title company will be a great starting point for me.

We saved Settlement Statements from every closing and one of our former partners owned a national title company, so we had enough closing cost data to build a models for each state on the buy and sell side of the note buys.

Hi BiggerPockets Community,
My name is Yael Doron, and my husband, Ido, and I are real estate investors based in Israel. We’re looking to invest in the Phoenix, Arizona area or nearby regions. We have around $150,000...

I am a local Realtor and I work with an amazing team of lenders, title companies, and contractors.

If you now want to or have to sell, you need proper documentation from your purchase, you may have an uncooperative original seller, maybe you didn’t get title insurance and there is a problem and so on.

Quote from @Amit Chugh: @Tim Delaney - I was referring that one of the properties is listed as Section 8 Property, why one would list that in title, does it make any different or benefit for buyer or seller mentioning section 8 in title?

The primary residence exclusion is $250k per person on title.

They said they'd do it through a title company if I didn't trust them, but they really needed the 2% fee to get everything rolling for the loan.

Wondering if I should even do it myself or hire a lawyer to set this up for me to the tune of $3000 includes titles etc OTD.