He wanted me to ask you if the sellers would consider an offer 35% less than the asking price.

Also consider an oscillating saw.

In PA it gets tricky because the state has a 2% transfer tax and they do consider an assignment of contract as an equitable transfer making it subject to the tax.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

@Jay CaiI personally would only consider an LLC in the following circumstances1) You have a property with another individual2) You buy the property all cash and it has a high cost3) You have a high net worth and work in a highly litigious industry(I.E. healthcare professional)Best of luck.

Banks will often consider an offer for a short sale with documentation of a down payment and a letter from a lender indicating they are willing to lend based on the credit of the buyer but will need documentation and of course subject to title search, appraisal, etc.

I might consider an office warehouse, an office building or strip project under a turn key deal (and have) but that is entirely a different matter, I'd never consider a turn key house......if I really want a house in Detroit or several, I'll go to Detroit, pick them out, select a PM and leave, get a contractor if needed, then go home and close in escrow.

LOL, Thanks Steve, perhaps "license" gave the wrong impression.I've mentioned it several times, #8 was not intended as a requirement it was an option.You're right to Steve, acting in some acts with a license is clearly a conflict.But, consider an RE agent receiving a commission on a property they purchased and representing himself.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

I would consider an alternative structure if possible.