Double Closing On A Rehab...necessary??
Going back through old posts this question doesn't seem to be answered clearly enough for me so here goes - I would assume that if I buy a property with the intent of rehabbing it and then reselling it, my only choice is to close twice - is this correct or is there a way to do only one closing? My logic here is that because I plan on making physical changes to the property (improvements) I would have to own it first. Thanks to all in advance!! :-?
That depends who you are purchasing it from. If you plan on moving quickly see about taking over property subject to, lease option, or land contract. All three would eleiminate the double closing
Lori
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