All Forum Posts by: Santiago Coppoletta

@Steve Morris what if I have not deposited any money?

@Ned Carey all it says is “upon default of this agreement, seller shall retain earnest money as liquidated damages and not as penalty” but I haven’t even paid the earnest money! What can I be liable for in this case?

@Jacob Stewart I’m buying through a wholesaler. Do you think it would still apply? Also, what damages would I be liable for?

What happens if a sign a purchase agreement with no contingencies (“forced” to close within 7 days) and can’t buy the house in the end?

@Joe S.Yes, mainly because my savings aren’t enough to buy a property at a low risk neighborhood as I’m seeking.

Thank you, Tom. What neighborhoods do you refer to when talking about the suburbs?

Which of these markets provide best yields in medium-low risk neighborhoods?

Has anyone ever bought a house and sold it financed with no money down?

For example, buying a property for $50000 all cash and immediately listing it to any buyer for no money down and at a 30 year 10% Int rate payment term.

This means that the buyer would be responsible for any damage to the house and, if the legal part is put in place correctly, the property would go back to your possession if the buyer defaults on their payments.

I've managed to save up around 50000 and I don't think my LLC will get approved for a mortgage since I don't own any properties. So assuming that I have to pay cash upfront what would you suggest me for a low risk positive cash flow rental? What I mean by low risk is C and B class neighborhoods since it's gonna be my first investment and I live overseas.

The problem I see, at least in the Cleveland area, is that properties for that price need considerable repairs. Given that I will pay cash I was thinking in making slightly lower offers in exchange for the liquidity. I appreciate your thoughts and advice. Thank you !