I'm in escrow on an 8 unit in Broward-- 2 week contingency period--  fort lauderdale.

Any chance you can get it below $100k and give yourself a bit more of a contingency?

He said the following: "I am sending you what four other prospective buyers have received.I got a specific Power of Attorney from my wife before she left for California.REMEMBER NO CONTINGENCIES."

To name a few:Base your underwriting on how you will operate the asset, not based on how it is currently operated or based on the broker's pro formaCreate a budget for each year you plan on owning the property + sales assumptionsHave an upfront operating account fund in addition to ongoing reservesBased the market rents on your own rent comp analysis, not the broker's rent comps15% contingency on top of interior and exterior rehab budgetConservative annual income growth assumption (no higher than 3%)

Hello everyone,It's been a while since I have been on here. I enrolled in a masters program and didn't have time to be on the forums. I really missed you guys but I am back.So, my wife and I made an offer on a quad in...

All extra contingency, inspection, credit from reno costs is applied to your principal loan amount (you don't get your $ back from Fannie Mae!).

I doubt a bank is going to allow for a future not built garage before close, too many contingencies could go wrong.Best option.

Roughly calculate your hourly comp rate for last year, estimate hours per project tasks, a rough calculation for getting to your "number" then decide how much leverage you have to ask for it as guaranteed fees vs. risk as profit sharing contingency, etc.

@Chris Mason Since we've been in a really strong market.....if Im making an offer on a property where I can get an appraisal contingency (suburbs I can, city I cant) and I know the listing agent is going to be subpar and not get the property to appraise (in my opinion this is the listing agents #1 duty) Ive been putting into the contract "seller will cure any appraisals issues that arise by making any required repairs and adjusting the price down to the appraisal value."  

Has anyone had success with a contingency fee collection agency?