This happening in 05 to 08 and there were builders with 50 to 200 specs and they lost them all I bid on a 100 home package in 08 the houses were selling for 225k to 250k in 06 ish and we were in contract for 120k each..

@Wesley FryeWhat’s the expiration date of the contract?

But for off-market/private party transactions, you are free to have your lawyer draft up a contract for you to use.

Hard money is not cash and should NEVER be written on a contract as cash.

I am a Project Manager/General Contractor and would love to help you with my contracting resources. 

Hey guys, My wife and I are under contract on a condo in Kihei that is vacation rental approved.

Below is the backstory, I have a house under contract that I admired the remodel, got an inspection and a lot of things were wrong with that property.

Focus more on the #'s rather then the whoeseller and let the title company make sure the title is clean--which I would say 30% of the contracts we get from wholeseller die during title underwriting. 

We will allow you to use a new employment contract as qualifying income 6-12 months prior to your start date.  

@Mitch Holmes With $400K-$500K in cash and your contracting experience, start with smaller flips in the $300K-$400K range to minimize risk and build experience.