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Updated about 5 years ago on . Most recent reply presented by

Miguel Oliviera's profile image
Miguel Oliviera's profile image
Miguel Oliviera
  • Rental Property Investor
  • from New York
  • Member since Dec 5, 2019
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Miguel Oliviera's profile image
Miguel Oliviera's profile image
Miguel Oliviera
  • Rental Property Investor
  • from New York
  • Member since Dec 5, 2019
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Miguel Oliviera
  • Rental Property Investor
  • New York
10
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46
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Tax, SDIRAs & Cost Segregation

Florida Offer Contracts

Miguel Oliviera
  • Rental Property Investor
  • New York
Posted

Hello All,

I’m currently working with a realtor in Tampa to search for potential investment properties in that market. I reside in NYC. I was informed by my realtor that I can make an offer and back out in 15 days without needing any specific contingencies. Can anyone shed some light on this? I can’t find any specific information on this 15 day window. Thank you in advance!

  • Miguel Oliviera
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    Nick C.'s profile image
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    Nick C.
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    • from Tampa, FL
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    Nick C.
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    Nick C.
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    Nick C.
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    • Tampa, FL
    Replied

    Maybe your realtor is planning on putting a 15 day inspection contingency in the offer contract. That's excessive, even for retail. Unless you're planning to overpay by a lot, it's unlikely 15 days will be able to compete with other investors using 0 inspection contingencies. 

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