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All Forum Posts by: Michael Ganovski

Michael Ganovski has started 6 posts and replied 13 times.

Post: Borrowing money from friends,family, and other

Michael GanovskiPosted
  • Investor
  • Southport, NC
  • Posts 13
  • Votes 4

thank you Andrew.  

Post: Borrowing money from friends,family, and other

Michael GanovskiPosted
  • Investor
  • Southport, NC
  • Posts 13
  • Votes 4

hello - it seems that there was not much dialog here, i'd like to BUMP it back it this does it.  Similarly, I am seeking fudning from 3 or 4 people, to equate to $100K, for a flip and rehab, to pay them back at the end with interest.  Curious how to structure that?  Are there significant legal issues here, or just them first position lien in the property?

Post: Newbie purchase agreement Question?

Michael GanovskiPosted
  • Investor
  • Southport, NC
  • Posts 13
  • Votes 4

thanks for discussion on this thread. So - i am ready to buy my first property direct from a home owner, we found it thru our mail marketing campaign.  My agreement states that we will close within 45 days of contract signing.  Section 7 states that 'this agreement is subject to final inspection and approval on or before __________.  Is that basically my 'out' if i want out?  I want to leave contracts with sellers as a habit. I cannot buy them all, I will attempt to wholesale some.  But this can be my out, correct  -  so I can walk way if I need to or want to?   Love any pointers on this.....