Using equity to fully purchase rental property

[Alberto Leonard]

Complete newbie here.. I have a good understanding of how a HELOC and HEL works, however, I have no clue what are the steps to take once the funds are secured. With a conventional loan the lender takes charge of doing all the services such as title search, title endorsements, etc. How is it handled when to the seller its basically a cash deal?

[Michael Plante]

Call a local title company 

Tell them you want to use them when you buy a house. Ask if they will let you have a blank purchase contract.  They will probably email it to you 

Ask if you can go to their office with the seller to fill it out 

They will probably say yes 

They will takeover from there