**Contingency Planning:** What is your strategy if you need to repossess the property?

Also, make sure to add a contingency (I do 20%) for unforseen and add in expected holding costs.2)  The best way to pay back a hard money lender is to refinance with a bank to get long term debt.

Are you "telegraphing" fine, you'll give a PP but need all the contingencies, it's going to be a process of many step's?

Budget for Unexpected Costs:Always have a contingency fund for unexpected expenses.

A cash offer is simply an offer that has no financing contingency.

Include a contingency budget for unexpected issues.

Also, the terms of our offer were pretty ridiculous because it was contingent on:-Us finding two sets of renters and signing leases (in order to get the financing in order)-The owner of the offered-on property buying-out one set of his tenants-Us being able to move in within 60 days of closing How did you finance this deal?

VS the person who used that $350k, putting $100k down on 3 properties, $50k sitting in contingency.

Was on MLS, negotiated an all cash deal with no inspection contingencies How did you finance this deal?

After 20 years of buying and selling real estate this morning it occurred to me that if somebody offers to sell their house for let’s say $250,000 “as is” and you agree to pay that exact price with no contingencies, but other people are interested in the property , then that seller can just raise his price and not sell the property for the price “advertised”.