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Updated over 5 years ago on . Most recent reply

User Stats

36
Posts
19
Votes
John Hamilton
  • Rental Property Investor
  • Raleigh, NC
19
Votes |
36
Posts

Due Diligence on a quick cash sale!

John Hamilton
  • Rental Property Investor
  • Raleigh, NC
Posted

Hello BP,

I have come across a killer deal! The gentleman needs to sell a triplex FAST for cash to buy a bigger multifamily deal (tenants occupying all three). Checked out the guys LLC, its G2G and he is an active investor. He has his attorney lined up for us to come sign paperwork. I want to pull the trigger, BUT safely. How would you recommend outlining a DD period to close with cash fast and how many days do you recommend?

Thanks for any info!

Most Popular Reply

User Stats

1,790
Posts
1,382
Votes
Cameron Tope
  • Property Manager
  • Katy, TX
1,382
Votes |
1,790
Posts
Cameron Tope
  • Property Manager
  • Katy, TX
Replied

Fill out standard contracts for your state. 

Send everything to a title company. 

Do inspections. 

Ask for concessions. 

Close.

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Emerson Property Management
4.5 stars
172 Reviews

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