I’m just about ready to send out my first offers. I’m left with just one concern. I’m not completely comfortable performing my own title checks due to the possibility of missing any issues. I’d prefer to go through a title company but the fees seem to eat away the profits on low price properties. For example, the title companies I’ve spoken with have told me to expect to pay between $1000-$1800 on top of a $1200-$2000 property. On the low end, this puts me at $2200 in without marketing/mail costs, on a property I’d expect to sell for approx $4200. So for the experienced investors out there, do these numbers seem realistic? If so, what would you do? Handle the transaction without the title company, go through the title company, or avoid these lower priced properties all together? Any advice is appreciated!
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