Simultaneous Closings
Here's my problem. I have found a property I wish to purchase, rehab and flip hopefully within 3-4 months. However, I do not want to pay closing costs both as a buyer and a seller. How do you structure the purchase so that you don't have closing costs on the purchase end. As a realtor I will eventually list the property for sale and pay closing costs as a seller. I live in Florida.
You will have to pay some closing costs even if you do all the documents yourself. Here is what I do on deals like this. If I have to pay the closing costs when buying I will get the title company (TC) to do the premilary title search and then do the deed etc myself. I actually had the TC notarize the deed for me at no cost. It was a sub2 and once it was remodeled and sold I got same TC to handle the sale and I had to pay for the policy at that time. I would be glad to help further if you have more questions. Please let me know by a PM
Good LUCK and Thank You
Hope this helps some
Ted Jr
In Florida there are heavy doc stamps on the deed. These are usually paid by the buyer. Do you avoid those the way you do it. I need to be a meeting this AM. Will return around 1PM.: