All Forum Posts by: Melvin Brown

@Michael Jones Thanks a lot.

We are currently renting a building for business operations. The building is for sale and we plan to purchase. We have outside investors who are willing to invest. Would it be a good idea to give them equity in the entire business, structure some kind of deal strictly around the property, or something completely different. I’m looking for any kind of guidance here.

Thank you,

Thanks for all the replies. I did not have an issue paying the $100. I will gladly spend $100 to save thousands in earnest money. This will be my first income Property and I did not pay a fee for the concession when I bought my primary residence. Again thanks to everyone for taking the time to respond. 

Melvin Brown 

I was told I needed to pay $100.00 (non refundable) directly to the seller in order to cancel the sale or renegotiate if the inspection reveals a major problem with the property. I also put in the contract that I would not try to renegotiate over minor issues such as carpet replacement or cosmetic issues.

Thanks in advance,