When the time comes to close on your rental property, you’ll need to determine whether you should work with a title company, a lawyer, or both! Some states have requirements, while others allow you to choose.
In today’s video, I’ll elaborate on the role of both a title company and a lawyer in the closing process. I’ll share my personal preference, and how I typically handle the closing procedure in my real estate business.
You’ll learn about different states’ legislation about the closing procedure. You’ll also learn the exact responsibilities of a title company, and why they are so important. I’ll talk about the HUD agreement, costs, and exactly what you need to know to successfully close on your rental property!
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