How long will it take to receive the funds after meeting at the Title Company for Closing?

[Account Closed]

Hello everyone,

I primarily do buy and holds with rental properties, but I have been seeing more and more opportunity in fix and flips.

With this being said I am set to Close on a fix and flip on April 23rd.

I just wanted some advice as to what to expect as far as the time frame goes. I financed the property and have about 40k left on the mortgage, the sale price is 120k. So after closing costs ect. there will be a nice chunk of change left.

So my question is how long will it take for this money to transfer to my account?

Thanks for all the advice in advance!

Michael

[Michael Hicks]

In my experience, I have always received the check at closing.  A check is issued to the mortgagor for your mortgage and the difference to you by cashier's check.   Not sure why it would be done any other way.  Maybe others have a different experience.