Last week I closed the fastest deal of my life, in just three days! That is not to say that this was a goal of mine but here is how the story unfolded.

I met a new client named Ken who was an extremely savvy technology professional who was in a 1031 exchange and needed to close within 30 days. He had pointed out a property or two that he liked and one of them looked promising. It was a fully renovated duplex on the Oakland-Berkeley border.

1212 12th Street - 6 Units Oakland. Two and three bedroom units with off street parking.

1212 12th Street – 6 Units Oakland. Two and three bedroom units with off street parking.

I generally like to go in the direction that my clients are already headed so when Ken pointed out this property to me I immediately jumped on board, got us into contract and the inspection process underway. As the already-fast escrow unfolded we got bogged down with the lender who could not quite move fast enough. On top of that challenge, we learned that the duplex had a defective “non-livable” unit that was turning out to be an even bigger problem that the Berkeley building department was not willing to overlook.

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