[screenobobeano]

I think it’s a reasonable amount of time, I am a real estate investor. What is your reasoning for these statements?

[legitster]

Have you really started a deal that took two years to close? Did the property just sit there for two years going unused until it closed? How did you know the seller wasn't going to bolt halfway through?

I've never heard of deals taking longer than a year - how does a multi-year transaction with federal funding even work?

[gopher_space]

> Have you really started a deal that took two years to close? Did the property just sit there for two years going unused until it closed? How did you know the seller wasn't going to bolt halfway through?

You've just described handling e.g. a dry cleaners or dealing with a single elderly owner.

[legitster]

Sure, you might take years pursing the deal, but what we are talking about is closing on the financing.

When you finally shake hands with the elderly owner of the dry cleaners to buy their property, we're talking about another two years after that before they get their money.

[bombcar]

I think what people are missing is that "real estate financing" is only part of a real estate deal, especially for commercial properties.

And that part might come before, during, or even after securing the property.

People need to think less "buying a house" and more "redeveloping an area".

[alephnerd]

What is your average deal size? A commercial renovation probably land in the tens of millions.