The fastest close

[Scott R.]

To start, im 24 years old and live in Sacramento, Ca. I came across a deal i was going to buy and rent if i could get it at the right price. Turned out, the person i was living with died so i needed a place right now! The property i found to buy and rent was going to turn into my home.

So i called an agent said, " show me this place." He met up with me at the condo ( made him get the comps of the last 3 mo because the market was mocing so fast ). So the condo up stairs just sold for $99k and is only 100 sq ft bigger but a little nicer because mine needed a little work. So i told him i want to offer $50k cash close within 14 days they pay all liens if there are any. So he thought i was crazy and almost didnt put the offer in until he called the listing agent and she said the bank is hurting on this one. So he says ok he will do it. Signed the papers and within 2 hours he calls me and says your not going to believe this. They accepted the offer already! He thought it couldnt be done. (most agents arent investors so dont think like one).

got my inspections and title search the next day! within 5 days of the offer i had the keys in hand and papers done! Now im fairly new to investing and i learned from a few investors dont let anyone get in your creativity. So if i can structure a deal because i knew there was a little damage that was an eye sore to the bank but an easy fix im going to do it. Here was what the bank didnt know. the HOA was just getting ready to do the entire outside of the complex with new siding, windows, and paint! the 2 apartments across the street just raised their rent to $925 each. looking foreward to doing my next deal but this time i wont have to move into it!