Boston, MA · Member since 2017 · 36 posts · 12 votes
Im a newbie investor who just started posting bandit signs and advertising on craigslist. I got a call from a motivated seller who possibly wants to sell his property from out of maine. I'm in massachusetts. how does that process work? would i have to find a closing company out of maine or can my attorney in massachusetts handle the transaction? can i send a contract via email to tie down the property ?
your attorney would probably subcontract to a title company here in Maine which one would likely depend on where (town/county) the property is in. I'd try and go direct as your attorney will mark it up. I live and invest in Maine PM me with contact info if you want -- I'll help if I can.
You might think about having your potential property manager help you with the deal. Where is the property located? Are there any prospective firms you're already considering working with?