Sean P.
1M in funds but no experience
22 July 2024 | 19 replies
Technically I could line up a replacement job and let that pay the bills while I invest slowly (and that’s definitely one of my contingency plans) but in some ways that does defeat the purpose, since leaving the corporate world and focusing all of my time on an investment business is probably the biggest appeal for me.
Mike Romano
VA loan Offer
20 July 2024 | 6 replies
Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC
John Underwood
New law makes wholesaling illegal is SC
22 July 2024 | 82 replies
What about a purchaser with a non-contingent cash contract?
David Charles Edwards
Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
I didn't feel rushed though, because I had a backup plan, and even a secondary contingency plan.I also think the loan harvesting is a great idea, especially if you mix that with a great property manager.
Yanina Panfilenka
Seller won't accept offer with EasyStreetCapital. Why and what are the options?
22 July 2024 | 18 replies
I'm not sure if that helps much having a financing contingency.
Erin Murphy
Investing in Trenton, NJ. Good Idea?
20 July 2024 | 4 replies
Unless you are part of an investing contingent with a bunch of other landlords with Trenton holdings, like the "Brooklyn" folk, I feel if you are a landlord living 1+ hours away with the plan to have 1-3 properties in the near term, you will get ripped off.
Kate B.
Recent Experience with LendingOne
19 July 2024 | 53 replies
I have a little concern as I offered a shorter financing contingency and appraisal contingency based on how fast it was stated they could close loans, but not entirely sure they can deliver yet.
Darian Gore
Wholesale contract review
19 July 2024 | 2 replies
I’m working in getting under contract with a wholesaler for the first time, wondering what amendments I should look for in the contract from a financing contingency or inspection period etc or if that’s just for on market deals, would love to hear anyone’s input!
Sarah DeMamiel
$400,000 To flip or to brrrr? Or both?
21 July 2024 | 64 replies
Unless you know how to run analysis, mitigate risks, account for contingencies, and have good strategies in place, you can end up worse than you started.
Alec Jacobs
How can I be proactive when I'm buying a home?
19 July 2024 | 15 replies
If you literally feel like your twiddling your thumbs you can come up with contingencies for when bad things happen like not paying rent, not getting along, not keeping house clean, partying too much, etc.