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Jeff's magic money machine (midwest.social)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 27 points 3 months ago (1 children)

Property can take a while to close

offer to title in under 30 days is on the quick side.

Of course, you could probably close very fast if you offered 100M cash on a 10M property...

[–] [email protected] 21 points 3 months ago (1 children)

If you're buying vacant land and paying cash, you can close really quickly as there's nothing in need of inspection, and loan processing times aren't a factor... I have a buddy who just purchased 100+ acres of vacant land from a logging company. He paid cash and was able to close in just a few weeks.

[–] [email protected] 5 points 3 months ago

yeah, usually closing time is just buffer time for people to get their affairs in order, move out, inspections, lawyer stuff, etc. If you offer straight up cash and pay a boatload to the lawyers to get the paperwork done up ASAP, you can close likely within a couple weeks