I generally find that if you are understanding of the situation and treat them with respect while at the same time being very firm about the deadline that they have agreed to that you can work it out with people.

My expenses are to tight to be able to afford that right now (which is the reason I am getting into real estate investing :D )

Make sure you close before the deadline so you have time to put your plan B in place before the contract expires.Just make sure you have a good attorney or title company and document everything.There's all kinds of ways to structure deals.

Little bits and pieces are starting to add up and I will be on my way to REI before you know it.As far as the debt part of the post goes, we are not that tight on monthly cash flow and the new house would be affordable on a monthly basis.

While the tone of some of the posts is a bit harsh, the advice is in my humble opinion right on track.You're in a tight spot right now, and I wholeheartedly agree with those who suggest you'll have to work your way out of it.

For one to say that they use the same contingency in every offer that has no deadline makes no sense at all and I seriously doubt it would fly with every seller.As a seller, I would never sell a property with a no-end contingency which avoids the last day back-out some have talked about here.

There is so much potential in commercial real estate and the players are keeping a tight lid on it.

how do you purchase a forclosure and help out others in a tight situations?

Don't get into properties so tight on cash flow that the least little bump in the road causes you a problem.Also, look for crative financing techniques so that you are not having to tie up your personal credit.

I'd be leery of doing such a tight deal, specially in this market.