Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

76
Posts
9
Votes
David Stone
  • Real Estate Agent
  • Columbus, OH
9
Votes |
76
Posts

Good Funds Law (Ohio)

David Stone
  • Real Estate Agent
  • Columbus, OH
Posted
I am scheduled to close on a flip on Monday. My realtor just informed me that everything is ready to close but they are need to close at the end of next week because of the "good fund law". From what I've read shouldn't the title company be able to do a wire transfer of the funds and close on Monday? That rule seems to only restrict the use of Cash or Cashier Checks in excess of $1000.

Loading replies...