Are closes done in less than a week from contract signed common? 24hr, 72hr, or 7 day closes from seller signed to wire received?

Have you closed a deal with a quick turn around? I work primarily with land and on average it can take about 2 weeks but have you seen it go quicker? Is that common, overall, in a specific market or region? Im assuming land would be the easiest niche to have this sort of turnaround but I may be wrong since I'm not familiar with SFH/MF and especially Commercial.

Im assuming it depends mainly on the title company or attorney you use. Is one more effective at quick closes than the other?

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u/jabarti2 — 1 day ago

Looking to move from assignment contract model to new model, feedback? Insight? Advice?

I've closed about 28 land deals so far, all on the assignment model. For religious reasons I can't do assignments anymore, so I'm looking to rework the model instead of quitting.

Instead of contracting with the seller and assigning to the buyer, I source for the buyer. The buyer signs with the seller directly. I sign a separate agreement with the buyer. Service agreement, invoice, service fee, whatever the right instrument turns out to be, and I get paid that way.

So essentially a broker, or a buyer side sourcing agent if I had to put a name to it.

Everything else stays the same. I still do the market research, source, qualify, underwrite, negotiate, and coordinate the closing. Which is basically what I've been doing already. The only real changes are consulting more with the buyer, and the contract. Buyer signs with the seller, I sign with the buyer.

Questions:

  • Has anyone done this or is anyone doing this now and can speak to this?
  • Anyone with as much or more experience who has a read on it
  • Buyers especially. Is this something you'd be open to, prefer, hate, or are you pretty much neutral on it?

Outside of that, any feedback, insight, and advice is appreciated.

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u/jabarti2 — 4 days ago

NYC or Coolworks/Americorps and the like? What am I not seeing or missing?

26m, MN, need out. Zero savings, credit shot, cards maxed, some in collections. What I do have: family I can borrow small amounts from, a bachelors done in 3 weeks, buddy pass access through airport friends, able bodied, socially open. Trying to figure out where to go

I went to NYC last year and absolutely fell in love with the vibe of the city, the community aspect, the cultures(s), the hustle, etc. I was in a better place financially at the time but my business has gone down hill over the last 6 months and haven't had much revenue come in since about February.

I saw a post in here about a program called coolworks and it piqued my interest. Pretty much since highschool I wanted to do something like that, americorps, workaday, coolworks etc. I have about 2 years of experience volunteering and in terms of those programs, they'd give me the chance to get out of my current hometown, volunteer and be a productive member of society, gain new skills, have new experiences and open my eyes to new opportunities.

My current financial situation has had a pretty big bearing on my mental health but I wanna ask, what should i do? keep applying for jobs in NYC, save up and just move out there, do a program like Coolworks, or is there a suggestion for something i haven't thought of. the latter is why im really here, the volunteering elsewhere was something i locked away and until i saw it in a post recently i completely forgot about it. what am i not seeing? what options do i have and whats the best way out of my current situation?

TD;LR: i've been in a repetitive cycle for months, down on my luck financially, have blessings i wanna make the most of, would love to move to NYC, or do something life changing that i don't know about or don't know enough about, suggestions? feedback? reality check?

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u/jabarti2 — 1 month ago

Looking for direction, stuck in a loop. NYC, go on an expedition or something else?

Im fresh into 26m, from the states, completing my finance degree mid-august ( had one more class to redo to up my gpa ) and have been in RE for the last 5 years. I was an agent for 2, had my own business wholesaling for a while and all but closed up shop in the last month or so. I like real estate for the time being but its not really for me.

I went to NYC last year and absolutely fell in love, the community feel, the walkability, the culture(s), the hustle, damn near everything. I've been applying for jobs and haven't had too much luck. My savings have dried up and haven't had much income in the last 6 or so months. My credit is pretty bad right now and overall I haven't been in a good place mentally.

Recently, I've returned to an idea I've toyed with since I graduated high school, joining the peace corps, a volunteer program abroad, coolworks or something to that effect. I geniunely enjoy helping people and have spent the last 2 or so years volunteering with the county I live in, helping with different directives like public transportation roll out, food drives, health and wellness advocacy and outreach to minority groups. The programs I mentioned though would serve another purpose, the cliche " finding yourself".

I've been living the same life it feels like for a couple of years now, going to the same places, seeing the same people, etc and I feel like Im living in a mental fog. To get to the point, I simply want to change my scenary, in what way is what Im hoping someone here can guide me to.

Should I continue applying for jobs in NYC, get a low barrier job here and save up for the next 6-10 months and move sometime in the spring, join a program like coolworks, workaday, peace corps or something like that, OR is there another way out of this reptitive cycle that can help me to clear my mind, do something worthwhile, gain some new skills and potentially go down a different path from what I have in mind.

If you've experienced this before ( I know the job market sucks and everyone has been experiencing something like this since covid ) or you have some advice, I swear Im all ears. I want to truly have an unconvetional journey in life, make some life changing memories, try new things and experience as much of this life as possible. I want to hear what I am not aware of and get a reality check while Im at. Thanks in advance!

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u/jabarti2 — 1 month ago