Since it sounds like you are working without a real estate agent, I would contact a lawyer to review the contract and help you notify the seller's side correctly to terminate the contract and release the EMD.

@Alex LeeThe 203k and renovation differ???

It’s amazing a website this large and with this much revenue cannot put a viable app together..

Just moved from California to SC and started a syndication team.

He put paint on wooden floor and walked with paint shoes all over the property caused white marks and shades on the nice costly wooden floor.

I found a property in pre-foreclosure and need advice on how to clear the title in this case.Scenario:The seller wants out for the cost of his second (renovation) loan.

You don’t have to use it like short-term debt—you can pull from it strategically and pay it back at your own pace.

Find the deals and the money will come.

Between the time associated with making the investment, tied up capital and associated stress involved, even if the investment breaks even or produces a small gain most would look back and wish the money sat in their account until a better opportunity presented itself.

Utilizing the many resources to analyze deals and help find investor friendly professionals in your area has helped me tremendously.