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Updated almost 7 years ago on . Most recent reply

User Stats

45
Posts
16
Votes
Eric Davenport
  • Taylor Mill, KY
16
Votes |
45
Posts

How to quickly buy with cash

Eric Davenport
  • Taylor Mill, KY
Posted

Hello Everyone!

I am a new investor and closing on an FHA duplex soon that my wife and I will be house hacking to start out our investing career, super excited about that!

My plan is to progress further using the BRRRR strategy and finance the initial buy and rehab with cash from HELOC's borrowed from relatives. One thing that I need to research further is the process of buying a house quickly with cash. What is the process like buying quickly with cash and what kind of contracts/forms are needed? I am currently searching for attorneys to work with but would really like to be able to tell them what I need rather than asking questions and spending a lot of $$/hour.

Even pointing me in the right direction with my research would be great as I'm a little bit at a loss as to where to start. I know BP is a great place to look but have only found articles and threads that talk about the strategy of quick cash buying and not the nitty gritty details of everything that goes into it. And where can I find the correct contract/forms needed, is this something the attorney will supply, or something I can provide and they can look over and use?

Thank you all so much for any insight or response!

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