Closing Time Frame: How quick once they receive every document from the borrower Appraisals: Cost and how quick are appraisal being performed?

It is a quick and easy fix to adjust where the nozzles on the sprinklers spray.

I have decided not to pursue conventional higher education (i.e. college or tradeschool) I have no aversion to hard work but would rather utilize my blood sweat and tears to make myself money, not somebody else.I am fully aware real estate is not a get rich quick scheme so I'm coming to the forums to ask for any advice on what vehicle of real estate investing I should pursue...

They know what they're doing and will work to get the problem handled as quickly and as efficiently as they can because frankly, if they don't collect rent they dont get paid and they dont want to toy around with that tenant just as much as you dont want to.

You’ll be astounded how quickly you rent it up by the room to single occupancy professionals.

Get 3-4 people showing up a the same time and it creates a sense of urgency in getting their app in quickly.

I had an agent friend trying to buy an REO, got stalled by “title problems” no timeline to cure......a quick search of the foreclosure file showed they forgot to name a junior mtg in the foreclosure...they were going back into court to vacate the foreclosure, start again naming the junior mtg holder, yada yada.....6 months minimum.

I had talked to them myself they had offices in PHX  and I had a complicated model I was doing at the time it was 2010 capital was frozen.. and they were just too quick to approve me all I had to do was send in the 10k to get to the next level..

@Frank Previte Thank you for the advice and encouragement!

You will want to identify a commercial lender that will allow you to refi without “seasoning” the property “waiting” 12-24 months.I use a small local bank in my area and they do not require any seasoning so it works out great on quick cosmetic deals.