Josh Tonnesen
Finding a lender
12 April 2016 | 3 replies
Do this after the appraisal is back and your removing all contingencies.
Sy Mularz
First flip questions
12 April 2016 | 2 replies
. - If you have enough meat on the bone as you're claiming, you could increase your budget to include the downpayment as a "contingency" or "GC" line item.
Account Closed
When to use contractor?
21 April 2016 | 10 replies
You want to have contingency clauses in your offer.
Konrad R.
Renegotiating price on REO after bid is accepted
21 February 2016 | 6 replies
We were not counting on any of these unforseen items, but we did have a contingency amount set aside in the budget for unknown issues.We called in a contractor to get an actual quote on the now known things and turned out it could be resolved within our pre-established budget.Had this amount been over our pre-established budget, it would have put us in a position to renegotiate.Here are my thoughts that was running through my head at the time.Option 1 - Continue with the deal if within budget.Option 2 - Ask Seller to lower price due to unforseen items that came up on the inspection.
Pat Goodyear
Homesearch bid/contract need to cancel input needed
8 April 2016 | 5 replies
Part of the risk of bidding on these auction sites is that you typically have no financing or inspection contingencies.
Pat Goodyear
Homesearch bid/contract need to cancel input needed
21 February 2016 | 2 replies
Do you have a financing contingency?
Troy Sheets
Helping house aged out foster youth in Philadelphia
16 March 2016 | 17 replies
We found a place 2 blocks from the coffee shop and got it under contract with a 30 day or less, no contingency close.
Chad Duncan
Anyone know of wholesalers/bird dogs in Portland Oregon?
28 February 2016 | 5 replies
I am having an extremely difficult time finding any deals on the RMLS (due to cash offer w/ no contingency people running around buying everything) Does anyone know of any good wholesalers, bird dogs or the like that I could get in touch with?
Rion Manita
Buying two properties simultaneously
6 April 2016 | 11 replies
What you DON'T want to do is try and be sneaky, work with Lender A on Prop A and Lender B on Prop B, and then at the last minute after all contingencies have been removed, Lender B gets a ping saying you've suddenly got $400k in new undisclosed debt at the last minute.
Mitch Ottoson
Getting first deal under contract
22 February 2016 | 1 reply
I plan on writing serval contingencies to protect myself to get out of the deal if inspections don't go as hoped but in a competitive market, is there a risk in writing a full price offer to get under contract to learn more?