Tyler, your seller credit is limited to the maximum that the loan allows, to not exceed the actual amount of closing costs being paid by you that is on your loan disclosures. 

If it’s a larger or commercial property, consider conducting an environmental check to assess potential risks like contamination or flooding.It’s also important to request a full property disclosure from the seller, which may include known issues or defects with the property.

In my law practice, I see a lot of property management agreements, and it is rare to see a requirement of financial disclosures.

If so, you got to understand that Texas is a non-disclosure state.

Whatever you decide to do, do NOT even entertain the idea of skating by on the disclosure. 

The alternative I see as a work around but full disclosure I am not a lawyer is giving tenants notice to vacate and then listing the property with no active tenants or have tenants sign off that they are not interested in buying the building and list right away. 99% of tenants are not capable of being buyers so who knows how often this ordinance will actually be used.

Full disclosure, I dont only use them, but I am an account executive with Hostaway.

The first thing I would ask is to get clear on the disclosures from Seller.

Disclosure - I've never invested with Summit Capital Partners but know their projects, and know a few investors who have put money in.

As many of you know, Assembly Bill 968 will take effect on July 1, 2024, mandating flippers of residential properties to disclose recent repairs and renovations if they sell within 18 months of acquisition. While the ...