First, see if you can negotiate replacing the sale contingency with a longer escrow or loan period.

A CT licensed atty will need to be used to close the sale of the property. 

I've lived through rehabs, flips, short sales and made lots of money on buying and selling real estate.

Understand your market - would make it easier to do comps - recent sales, rents, etc.

For a standard 3/2 with 1,200 sqft we usually spend 50-80k on a full rehab, 10-15k holding cost, 15-20% profit before tax, 7% cost of sale.

I can only produce about 2  houses a month and out of 90 so far I have only had to hold 5 or so past C of O they all got sold either pre sale or right before we finished..

Sale price: $163,000 3 bedroom, 2.5 baths and around 2400sqft townhome.

They would not share info or stats on how many successful sales have happened in the market via their website.

Because typically when I put a house up for sale, I will get a call from an agent that has (allegedly) a buyer, and they ask "are you willing to pay me 3% (or 2.5%)" and i usually work out something that works for both parties.But I wonder...is the buyer now responsible for paying their agent?

Purchase price: $50,000 Cash invested: $35,000 Sale price: $121,000 Contributors: Peter Vekselman Partner Driven and Kody Higginbotham purchased the W 10th St property in Crowley, LA, for $50,000 on 8/27/2024.