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13 June 2024 | 5 replies
Luckily I'm not seeing the craziness that was 2020 and 2021 such as offers 50K over asking, waived inspection and appraisal contingencies, etc but you still have to put your best foot forward. - Currently, most deals we are getting under contract are at least at asking and maybe 5K-10K over at most.
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12 June 2024 | 10 replies
Fewer to no contingencies with a quick 10 day closing.
13 June 2024 | 4 replies
We are passed all contingency periods and are ok with losing the earnest deposit and moving on.
13 June 2024 | 2 replies
The seller who signed these leases would typically handle, and if it is not completed, then the lease is not official, as there are still contingencies for lessee to cancel if TI is not completed, presumably.3: Why are you paying any of the agent commission?
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13 June 2024 | 9 replies
They have now stopped repling to our commications since I told them that they would not have the option of extending their lease at the end of the six month term [option to extend was contingent on 6 on time monthly payments].
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16 June 2024 | 27 replies
However, be mindful of the repayment terms and interest rates.Risk Management: Ensure you have a solid plan for managing the debt and contingencies for market fluctuations.Practical Steps and StrategiesMarket Research: Continue leveraging your knowledge of the Asheville market to find undervalued properties with high rental potential.Financial Planning: Work with a financial advisor to create a detailed budget for your investment strategy, including purchase, rehab, and holding costs.Networking: Engage with local real estate investment groups and continue learning from successful investors through platforms like Bigger Pockets.Boot Camps and Education: Your proactive approach to education through boot camps and BP PRO is excellent.
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15 June 2024 | 54 replies
Then I sent emails directly to Clayton Morris inquiring about a finish date and he responded by voice-male that permits were almost completed and that it should be 4 to 6 weeks and it would be "smooth sailing" as he characterized it.The house was never built, I've paid back-property taxes and fines of over Approx $1200...ongoing yard maintenance costs of anywhere from $40+ up to as much a $225 monthly for a vacant lot just to keep the city off my back with fines...etc..Bottom line is.....After having a nearly perfect credit score and credit record of 25+ years, I will be in Bankruptcy court in May, 2019 because I cannot afford the payback of the credit card funding because there is no house built (cash flow) and there is not a single attorney that I contacted who doesn't want $60,000 (up-Front) because they all say they can't do it on contingency because Clayton has so may law-suits against him already that they feel there will be little (if any) money left after all the litigants already in line have been paid.
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11 June 2024 | 1 reply
It might not even be accepted on your initial terms and most states have buyer focused contingency periods, or a statutory period of 7-14 business days to remit the deposit, perform inspections, organize appraisals and generally renegotiate or cancel without risk to the buyers earnest money deposit.
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9 June 2024 | 10 replies
@Conrad Legé3 good sold comps should be minimum in my opinion and you should also look at active, contingent, and pending comps.
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10 June 2024 | 11 replies
@Tim PorscheDid you make it contingent to an inspection?