All Forum Posts by: Kellan S

Thanks Steve for the quick reply!  Very helpful info.  I will check out Warren Engineering right now.

Steve Santacroce

Hello BP...I'm finally (FINALLY!) making my first post.  I wanted to share my current situation and get some insight from more experienced investors.

So, I own two 2-family homes in Rochester, NY and I'm in the process of doing my first all cash deal.  I put in my offer to a realtor and she contacted me today to tell me she's going to write up the contract tomorrow, but needs additional info.  Here's where I need some experienced investors to help me out, since I've always relied on banks for most of these tasks.

The realtor is requesting my deposit amount, closing date, engineer's inspection required, and anything else that should go in the contract.  So my questions are: how much should I put for a deposit ($1000?)? How far out should I expect to close (I was thinking about 2 weeks. Is this reasonable?)? And can anyone recommend someone to perform a property inspection (I may have someone for this, but I'll have to dig for their contact info...from about 4 years ago)?

Any help you guys/gals can provide will be very much appreciated.  Thanks in advance!

Kellan