All Forum Posts by: Abdul R.

anyone?

So what happens now? It just sits in escrow forever? 

Hello All,

The quick story....

I entered into a contract to purchase a quadplex in Noblesville, Indiana but the seller never did their part to provide the items I requested in the purchase agreement such as repairs item lists, initial walk-thru's  and rental payment history within the first 2 weeks as stated in the purchase contract. I in turn took a great deal amount of time (in good faith), trying to find multiple contractors to try to make the deal work, . Ultimately, the numbers did not work and I had to back out; but now the seller refuses to return the earnest money, stating " When we were presented with the release we were well outside the inspection period and we feel it is only fair for us to retain the earnest money as damages."

Spoke to my realtor, he states the EM is with the brokerage company.  My realtor said maybe we make a deal to get half of the EM ($500.00 out of the 1k) back but I don't want that. I don't see why I need to do that, as it is MY MONEY.  What options do I have?

Anyone have any good rehabs or flips in the Speedway area? 

I have a connection that I trust and raised in that area, so it greatly helps.  

So light green is c and yellow is b? Seems preety simple.  A little too simple, but I guess it's more used as a guide? 

A great deal of helpful advice, but any answer to which turnkey companies are the best to work with with regards to making more cash flow? Anyone have any experience with a great (or bad) company they would like to share?

 Indianapolis, memphis and Kansas city. I just find this neighborhood rating  thing tricky. Like it's seems so subjective.   

I looked all over this forum. Maybe it doesn't exist but is there website that you can go to, put the home address and it tells you what class neighborhood it is in? What's the most simple and less time consuming way to determine this?

I have  found some deals,  with regards to turnkeys and I see the seller will somtimes put the neighborhood rating as well.  How accurate are these?  Is there a way to simply  verify this online? Can't travel there..  

 The example  such as above clearly illustrate the benefits of joining forums such as BP.  Thanks for the input!