Posted by Tom-FL on September 05, 2005 at 13:20:21:
I wouldn’t count on it. The title outfit will need to do three title searches, issue three title policies, prepare three sets of documents, get three loan payoffs from three or less different banks, record three sets of documents, and etc.
With a little bargaining, you might get some small concession due to economies of scale, say 10% or 15% off. It’s highly unlikely you will get a “Buy one, get two free” deal.
closings on multiple properties? - Posted by Malinda
Posted by Malinda on September 03, 2005 at 11:38:29:
Hello everyone! Have a question and thought I’d ask you first. I’m closing on my first property this month, YAY! No money down! $70,000 in equity.
I’ve found another deal upstate from me. The seller is giving a bundle deal of 3 properties that need to be rehabbed. If i buy only one then the price is $16,000, but if I buy all 3 he’ll sell for $36,000.
My question is, how do I close on 3 properties at once? Will I be charged closing costs X 3? Is there a way to make it all one?
Thanks guys/gals!
Malinda