How do you do 48 hour closings? - Posted by Steven K. Long

Real Estate Investing
1

Posted by Steven K. Long on February 25, 2004 at 14:29:34:

The home was appraised at 435K in 2000, it is actually worth a lot more now.

Yes I have 300K.

If I bought it, I would either lease option it or just resell it in 5 days by auction style. And I would start out at 315K.

Thanks for the info, Steven

2

How do you do 48 hour closings? - Posted by Steven K. Long

Posted by Steven K. Long on February 24, 2004 at 12:39:45:

How do you do 48 hour closings?
I read an article somewhere of how to do this, but I can not find it now, any info would be helpful

Basic info, found a house appraised at $435K, Owners will sell at $299,900 all cash

Thanks, Steven

3

Re: How do you do 48 hour closings? - Posted by MoniqueUSA

Posted by MoniqueUSA on February 24, 2004 at 13:19:15:

How to close in 48 hours…

  • Execute Purchase Agreement with seller on Day 0
  • Order title exam from closing attorney on Day 0
  • Do due diligence to confirm ALL data on Day 1
  • Get title results and payoffs back on Day 2
  • Pay seller and close on Day 2 (48 hours later)

What the house is really worth, do you have 300 grand,
and what would you do with it if you bought it … even more important questions than how to close it?

MoniqueUSA