Cash like closing with conventional financing - Twist on preapproval

A lot of times investor transactions can take 30-60 days when using conventional financing to purchase so there is a lot of value in hard or private money that can fund in 7-10 days even despite the high costs.

With a pre-underwritten file an investor can close 1-4 unit investment properties in around the same time as many of the hard money operators.

This can be done as long as proper planning and the file has been setup in advance of finding the property.

What this allows an investor to do is to have confidence to:

- be more aggressive with your contingencies  such as releasing your financing contingencies to get more transactions accepted by sellers and listing real estate agents

- close quickly to reduce risk and uncertainty since many variables and things can go wrong during the escrow period if closing is extended out

-  Often times more certain offers can get accepted over higher priced "maybe," offers