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Jeff's magic money machine
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this post was submitted on 24 Jul 2024
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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...
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.
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