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10 December 2017 | 5 replies
When it comes to assigning the contract, make sure you lock the buyers up on non-contingent agreements so they can't back out without losing their EMD.Experienced buyers are used to competing on deals and will fight to close as quickly as possible.
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8 November 2017 | 3 replies
I have a contingency placed into the rehab figure, as well.
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20 November 2017 | 24 replies
I am seeing more and more of these spread sheets and none of them have leasing fee's therefore the vacancy factor is under funded.unless you have a deal with your management company to lease the units for free. your going to have turn over.. everyone does .. and its not common to have a tenant leave and not have a month of vacancy plus a lease fee.. and of course turn over costs.. although I was happy to see your contingency line most folks don't put that in there..
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14 November 2017 | 5 replies
I have financing and inspection contingencies.
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14 November 2017 | 1 reply
If you don't have those contingencies covered you will be in a world of hurt.I'm not trying to discourage you.
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15 November 2017 | 5 replies
Because in addition to the less stringent seasoning requirements, a lot of these local banks will allow you to put the loan under an LLC name, and you give an unlimited personal guarantee (also known as a contingent liability).
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20 November 2017 | 2 replies
We could try to structure an offer contingent on the certification but I don't think the sellers would be willing to wait.
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17 November 2017 | 5 replies
I don't see a way to get the funds in your hands by Monday; however you could make your offer to purchase the new home contingent on getting financing on this other house.
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16 November 2017 | 2 replies
He then mentions that the 2 contractors made offers WITHOUT the inspection contingency (apparently, this would make a difference for the bank, specially if we come in with the same offer amount).
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16 November 2017 | 3 replies
He then mentions that the 2 contractors made offers WITHOUT the inspection contingency (apparently, this would make a difference for the bank, specially if we come in with the same offer amount).