All Forum Posts by: Marcus Perkins

Thanks I'll let them know that but my attorney seems to believe we're stuck with it. I'll also get a second opinion and have a different attorney look over my contract tomorrow 

yes Robert Nason That's exactly how I feel although I hate to say it I hired him after the contract was signed. I still feel like he should be able to do something though 

yes I am now aware that the water bill is not included in the closing cost and that we can't transfer the deed with an outstanding water bill

contract says seller assumes all closing cost and all taxes buyer leaves with entire purchase amount

So, here I am a few days away from closing and my attorney tells me he just got the water bill which is 13000$.  Due to my eagerness and stupidity at the time I signed the contract assuming all closing cost and all taxes, and dropped 40k in earnest money. I'm about 50k in with all the fees and what not. What do I do back out and try to go to court for some of my money back, suffer the loss, or go through with it and consider it a lesson learned. Feeling really tooken  advantage of right now. And oh yeah can't forget closing cost which are 25k that include taxes from 2007. What do I do? What can I do? 

thanks 

I have two condos I'm selling in the same building both have tenants one is section 8. The section 8 tenant is paying 920 with a 220 Hoa fee and the other tenant pays 700 with a 300 Hoa fee. Section 8 lease just renewed in December and the other tenants lease is up in May 

Thanks, Brie Schmidt and Nick Feliciano glad to be here.

Hi everyone, I'm Marcus from the south side of Chicago,and for the past 5 years I've worked for a construction company that builds high rise condo/ apartment buildings in downtown Chicago. Sounds fun right? far from it its a fast pace hustle and bustle job outdoors in temps from negative 30 to 100 plus degrees. Rain sleet snow 40 mph winds we're out there so it's pretty dangerous as well to say the least. Which brings me here enough about my job that I love so much. About two years ago a friend of mine who needed some cash sold me two condos at a very good price that were move in ready. I found two section 8 tenants moved them in and things have been great minus the housing association but that's another story. Nevertheless I wanted more, so before I dove in head first I tried educating myself a bit not a big reader but I listen well so I found some podcast on YouTube and attended than Merrill fortune builders 3 day seminar. I found the seminar to be very informative but my partner and I decided that we would rather spend the 30k up sale towards new property. Left the seminar feeling that multi family units were the end result and the best way to gain passive income. So my search began got a call from a friend (now ex) of the family who I allowed to rush me into a deal and signing a contract in fear of losing it to another buyer. Things have been hell every since luckily I was able to pay for my very stupid mistakes and should be closing in two weeks. I hate the feeling of being took advantage of and welcome as much advice as possible, thanks for allowing me to vent.