Scenario: $1,000,000 List priceBuyer #1:offers $960,000 submitted with a qualification letter for the same $960,000 with $5,000 scribbled in the deposit line of offerBuyer #2:offers $955,000 submitted with a qualification letter for $1,213,700 (odd number is for a reason) with a $40,000 Good Faith check or Escrow Letter Most sellers and listing realtors would go with Offer #2, where the buyer is negotiating from a Position of Strength, backed up with a substantial Deposit showing they are a serious and capable buyer.

I had to take that leap of faith toward my future now that I'm a firm believer in real estate.

"Real Estate Commission Rebate Program"Pre-arranged and in place for pre-approved borrower/buyer clientsGood Faith Bid for a Purchase Price of: $500,000Listing Pays: 3%= $15,000 / Rebate to Buyer: $12,000Rebate to be credited at closing as follows: Closing Cost                         $ 8,000Home Warranty                  $ 500Attorney Representation  $ 700 New Flooring$New Window Treatments$New Windows$New A/C System $New Appliances                   $2,800Hurricane Generator$ Other: $_______________________________                                    $ 12,000 Rebate TO BUYER

Cash verses leverage is the faith verses atheist of the real estate investment world.

Or they should simply tell us how long they're able to commit to and we'll run this as a short term lease until they have more clarity on their situation or move out, but it doesn't appear the tenant wants to pay a dollar more.So, basically the question is - do we take a leap of faith and lose our peace of mind or insist on sticking to the contract and risk losing the tenant?

.- Purchase price to Rent ratio = 1% minimum- SFR to start off with, would consider multi-family in future based on performance/faith in team.- Minimum 1 purchase 2018.

Bad faith tenants are unlikely to pursue landlords for damages when they know any bluff will be called in short order. 

I know many people don't put much faith in "best city" studies, but cities that keep ending up on the top of lists are there for a reason.

Tieing up the property without the means to perform is bad faith in my opinion.

The Title Company is issuing title insurance and they can't in good faith issue a warranty deed and the insurance without verifying this transfer.