Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
biggest fear!!!
I'm new to investing and I've been thinking about doing some contract assigning to start out and build some capital, but I have this major hurdle that I need answered. What happens if I get a house under contract and cannot get a buyer to accept and close the deal? What am I responsible for? Is there a way out of the contract after a period of time or am I stuck with coming up with the funds to close this deal? HELP!!!