it's used as a tool to QUICKLY evaluate a house to see if it's worth going forward.

We are still getting quick and strong offers on our flips and plenty of action on our rental properties.  

Do some quick research, and the concept will become clear.

I had a quick call with my CPA about what I can or cannot deduct if I purchased a duplex for $600K using 100% under a 30 year fixed VA loan.

If price isn’t that big an issue to you, a cash investor would be able to close quickly if the price is low enough for them.

If your budget allows it, contract out stuff and get the house done as quickly as possible.     

If you have multiple loans and plan on paying extra towards mortgages, I would keep HELOC and try to pay it off quickly rather than paying fees and a higher interest rate to switch.

We have lost out on a few due to not getting it done quick enough.

Here’s a quick summary of the numbers:July 2012 – Dad buys 2BR, 2BA 950 sqft condo for $246,000 (paying $21,000 over list price of $225,000)January 6, 2016 – I bought the condo from my dad for $400,000 including a gift of equity of $143,000, leaving me with a mortgage of $257,000.

Seems that in this market some sellers are looking for a quick sale and so may be a little unrealistic with deadlines, yet I cannot blame them for they may fear not being able to sale and prefer a buyer that will come in and be able to make a fairly quick decision.