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Results (10,000+)
Jose Ignacio Prieto How to finance MF with 10% downpayment when property is fully leased
23 October 2024 | 10 replies
Our mortgage agent suggested to buy as an investment and then refinance, but is not a good idea since we cannot take cash out (we don't have enough for the 25%).We thought of sending an offer contingent on one of the units being vacant, but the seller doesn't want to put that into written. 
Nicholas Halterman How do people buy multiple houses a year?
29 October 2024 | 23 replies
If you've got a fat stack of cash to work with, you can make all-cash offers on "as-is" properties with a fast closing, no contingencies, and get properties for 75% of market value that way.
Audrey Scott First-Time Home-buying Guide
25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!
Kenji Tominaga Pending closing the deal due to the current tenant not leaving
28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.
Joseph Shuster Negative Cashflow - STR
28 October 2024 | 46 replies
I assume that with the overage from the renovation, it probably ate into any extra contingency fund?
Yixiong Pan Is it possible to do rehab remotely?
25 October 2024 | 14 replies
I add 20-30% to any rehab budget for contingencies / as a buffer, and Im local to my projects. 
Yixiong Pan How to scale at BRRRR
23 October 2024 | 6 replies
What happens if contingencies come up?
Don Konipol Wealth Enhancement Real Estate Strategies
24 October 2024 | 6 replies
Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.
James McGovern Best Practices in Avoiding Painful Buyers Agents
27 October 2024 | 23 replies
The contingencies are just as important-Did the agent write an outline of the email in the offer and tell you why they're a good agent to work with?
Account Closed Breaking Down How Much Money You Need to Invest in Real Estate
21 October 2024 | 1 reply
You must establish a contingency fund, pay closing costs, and save for the down payment.