Acquisition Costs for Mulifamily properties in North Carolina

Acquisition Costs for Mulifamily properties in North Carolina

Fremont, CA · Member since 2016 · 18 posts · 1 vote

Hello, I'm looking to acquire multifamily properties in North Carolina. I understand that attorneys do the closing there. If anybody is familiar with the breakdown of the costs associated with closings in North Carolina, I'd really appreciate it if you would comment on this post. Thank you!

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  • Developer · NC · Member since 2019 · 211 posts · 112 votes
    5y

    I pay 550 a close through my attorney. I buy everything with cash though. 

  • Fremont, CA · Member since 2016 · 18 posts · 1 vote
    5y

    @Sean H.

    Hi Sean. Thank you so much for your reply. Would I be able to email you some costs and see how much you pay for the individual items if anything?

  • Developer · NC · Member since 2019 · 211 posts · 112 votes
    5y

    What individual items? It's a just a set cost. If i buy a 100k dollar house or 300k dollar house to flip, im still charged 550 for closing. If i want title insurance, that's an extra cost. I think the last house i bought for 200k, i was charged around 450-500 for title insurance. 

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