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Updated almost 3 years ago,

User Stats

31
Posts
8
Votes
Kelvin J.
  • Rental Property Investor
  • Fort Worth, TX
8
Votes |
31
Posts

Closing dragging on. How can I remedy future closings/rehabs?

Kelvin J.
  • Rental Property Investor
  • Fort Worth, TX
Posted

BLUF: Was supposed to close an off market cash purchase in <10 days and we're now going on 3 weeks. The hold up is at the title company. How can I approach a deal to ensure the fastest close possible in the future (beside waiving inspection).

The property is a BRRRR and I'd lined up a contractor who'd lined up sub-contractors and I've just had to have him cancel the drywall team and a few others because I can't hand him the keys since I haven't closed. This means his initial quote and timeline may no longer be accurate when I am able to actually get him into the property to start work.

Is this rare? Or are closing dates frequently un-met? Should I not even talk to a contractor until I have keys in hand? What steps in a BRRRR can you run concurrently and what should be left sequential?

Feeling frustrated with myself. Any advice would be appreciated.

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