Has anyone encountered this with hard money guy trying to postpone closing date and contract stipulates I will be paying steep penalties if I dont close.Is this your experience, what can i do ?

I met the stipulations required 'For a limited time‚ only Owner-Occupants‚ including non-profits and public entities will have offers considered during the Make An Offer Now period.' and have submitted an offer.

Stipulations are that it needs to be my primary residence.

The government wants to help us because we are providing housing Money is held in an intermediary account in the interimRules: "like-kind" stipulation - the property being bought needs to be "like-kind" assets.

I would also ensure your lease stipulates the total number of people who can reside in the property, typically 2x the number of bedrooms.

One stipulation of the VA loan is that you live in the property for at minimum a year.

If he has solid income and references and he seems like a decent guy I would rent to him with stipulations.

For example, if the commercial lease stipulates the tenant is responsible for utilities, consider taking on that expense.

To make this deal work we made sure to use an attorney and stipulate that if I was not able to refinance the duplex within 60 days I would sign it back over to him at cost to me.

To make this deal work we made sure to use an attorney and stipulate that if I was not able to refinance the duplex within 60 days I would sign it back over to him at cost to me.