Gabriel Melching
Quick Financing Advise
14 August 2024 | 2 replies
Some options I've considered: - Forward 1031: Seems to have timing issues (unless my purchase offer has a contingency, which will most likely make my offer pointless in my market).- A reverse 1031: Complex, and possible financing issues for the initial purchase before selling.
Alex Sarnoff
When should I get pre-approved for an upleg during a 1031 exchange
12 August 2024 | 4 replies
I try to have a plan A, B, and C in place with tight acceptance and contingency periods.
Chase Brumfield
Septic availability property analysis
13 August 2024 | 5 replies
Also - is it appropriate to add a contingency related to this in an offer - specifically something like "earnest money will be returned if property soil is not found suitable to support 15 RV pads" sort of thing?
Bubba McCants
Tips and Strategies for Navigating the Buying and Selling Process in Today’s Market
12 August 2024 | 0 replies
How are you handling offers and contingencies to ensure smooth transactions?
Theresa Hansen
Squatters on premises
12 August 2024 | 3 replies
Quote from @Theresa Hansen: Make your purchase contingent on removing the squatters first so you can inspect the property.
Alex Sarnoff
How to best purchase with a 1031 exchange timeline
12 August 2024 | 3 replies
I personally didn’t want to make any offers contingent on my current property closing (they would be ignored.)
Noah Margate
Seeking Advice on Expanding My Real Estate Portfolio
16 August 2024 | 19 replies
You might also want to have a contingency plan for managing rate increases or fluctuations in your rental income.If you'd like to discuss this further or explore other options that might fit your strategy better, feel free to reach out.
Chase Brumfield
Construction Loan Exit Options
13 August 2024 | 4 replies
Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).
Henry Lazerow
What have you seen your Chicago rents do over the years?
12 August 2024 | 5 replies
I actually have a little 1br condo near my other building in Rogers Park contingent I close in 2 weeks its rented $1100 and I'm going to bring it up to $1350 maybe even try $1375-1400.
Jorge Lee
Buying a property with unpermitted work in Philly
12 August 2024 | 4 replies
Once you are in escrow, you hold all of those cards if your contract is written properly and you know how to negotiate those contingencies.