Rental Property Investor · Jacksonville, FL · Member since 2018 · 24 posts · 1 vote
Hi, we just bought our 2nd investment home in Jax. Paid cash in Nov 2017 for a 10 day close. Seller agreed and signed the paperwork. 10 days later...probate issues.
I assumed it would sail through escrow and booked a flight out there. Had a steep discount ticket I had to use anyway. House and location is every bit as nice as expected. We want to keep it, just getting impatient. I did find out the same lady owned the house next door and it sold in Sept but was in a trust.
How long does take? Any way to speed it up? Is my interest really safe?
Investor · Las Vegas. Jacksonville, Bay Area Ca, Nv, Ca, Fl · Member since 2015 · 511 posts · 220 votes
8y
@Siye Baker, I use all 3 plus other pipelines. I remember starting out I had to search for the deals. Now I get over 100 or so properties sent to me every day or so. I still spend about 3-5hrs a day searching and getting to know my markets.
Rental Property Investor · Jacksonville, FL · Member since 2018 · 24 posts · 1 vote
8y
So, with 1 property rented and this one in probate, we just made an offer on a third. Worked out a great price with the seller beforehand. This one is in Jacksonville's Mid-Westside. Yes, @Robert Rayford, it is the 2/1 but there's definitely equity left on the table and after running my numbers it looks really good. Had my agent ask all types of questions to be as sure as we can title will be conveyed about March 9.