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Updated over 9 years ago,
Are there any real "cash" buyers in Massachusetts??
Hi,
Recently I acquired a few properties in Massachusetts but noticed that many of the potential investors would come to me saying they need 21 days to close on a property. I too am a wholesaler and investor but even the cash investors I know can close in less than 7 days, even when their money's held in the bank. The reason I'm posing this question is because I have a deal in the South Shore of Massachusetts (Weymouth) that needs "real cash" to close. Here's a snapshot of the numbers:
Type of Property: Fixxer-Upper and/or Tear-Down
Purchase Type: Cash Purchase ****Required****
Asking Price: $329,000 (MLS ID 71853716)
After Repair Value: $425,000 - $450,000
Closing: Must close on or before August 31st, 2015
Deposit Required: Yes (Non-Refundable)
***Please Note*** there is SOME wiggle room on the asking price
If you know someone who's a real cash buyer and can close in 7 days or less, please respond to this posting!!
: )