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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 2 times.

Wholesaling

Post: How long can I keep a house under contract so I can find a buyer?

Account ClosedPosted
  • Real Estate Investor
  • New York
  • Posts 5
  • Votes 0

I'm a newbie with a question: In contracting or optioning REOs and you put up EM; if your contract/option expires and you don't have a buyer, what happens with that EM...do you lose it?
Also, if you are doing the same deals with owners and no EM is asked, won't you need a lawyer to draw-up this contract? What's their fee in these deals?

Thanks

0 Votes
New Member Introductions

Post: Sheripha, Newburgh, NY

Account ClosedPosted
  • Real Estate Investor
  • New York
  • Posts 5
  • Votes 0

Hello everyone, I'm new in town and i'm here to make connections with people here. I'm Happt to Be Here! :D

Thank you,
Sheripha

0 Votes